December is Trading Psychology Month!
December is Trading Psychology Month, and we have some items planned for you to make sure you start 2019 from a better trading mindset! Every day you have a choice. You can choose to continue the trading
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Shred Your Stories
“The mind has a job. And that’s to give us all the stories that prove that what it thinks is true.” Byron Katie The world comes at us with a seemingly infinite amount of data every day.
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Trading Psychology: The More We Care, The Worse We Fare
I remember going to a student’s office where he was an active day trader. At one point, the trader was short a large number of futures contracts and as it approached his stop he started tapping the
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Pithy Precepts of Trading Psychology
Over the years I have created and collected the following pithy “precepts.” These precepts are trading and investing guidelines that give a compass heading to trading integrity. I offer them
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Pathways to Progress: Your Compass to Consistent Profits
For over 25 years, I have watched both independent and professional traders flounder. It is the source of one of my biggest frustrations to see capable, intelligent and skillful traders spend thousands
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Learning to Trade: From Start to Success
Learning to Trade From Start to Success Most of us traders are hoping for that magical “breakthrough” that will give us confidence in our trading and bring us to immediate, consistent profits. We look
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The Path to Trading Mastery is Often Sabotaged by Subconscious Emotions
Traders have a major problem. After over two decades of trading on the floors in Chicago and San Francisco, building my own options and equity trading firm, training traders to trade my own capital, coaching
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Building New Neural Networks
An Introduction to Mind Muscles™ The markets are the markets. There is nothing most of us can do to change them. It is difficult to change the behaviors of people we know well, let alone the masses
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What is a Trading Psychologist?
Never in my wildest dreams did I ever think that someone would call me up and ask “Are you the trading psychologist?” It has happened. But after two decades of trading on the floors of the Chicago
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Trader Case Study – How Emotion Can Sabotage Profits
One of my overseas coaching clients had become frustrated with the complex trading system he was using. He had recently received a stinging set of losses. We were just completing our third phone coaching
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From Simulated Trading to Real Trades, From Small Trades to Big
The challenges facing traders going from simulated trading to real money trading; and from small to large positions. I had a client who I had worked with some time ago who emailed me and said that since
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My Trading System Needs to be Fixed
An active independent trader introduced himself to me in an email. He was in a lot of pain. He had been trading successfully during the last six months with a trading system that had taken a year to refine
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Money: How it sabotages your trading success
Live trading with real money changes our brain chemistry. Many traders have the experience of being able to trade successfully in a simulated or demo account. However, when they start trading live something
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Where Does Your Trading of the Markets Break Down?
Where do your trading behaviors break down? … and what steps can you take to get to your goals? I will give you a link to a great download to help you do this. Alright,… let’s get started. Trading
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Extreme Events: Preparing the Brain for Black Swans
“The voyage of discovery is not in seeking new landscapes but in having new eyes.” Marcel Proust The US stock market has just seen an explosion in volatility moving from a steady climb to a waterfall. The
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The Daily Trading Coach – Accepting the Raw Experience
Can you be your own daily trading coach? It is very difficult to go back in time and change some decisions we have made that we regret. It is also very difficult to go forward in time and go to the future
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Amazing Super Secret Trading Computer Only You Can Access
If you type “secret trading strategy” into the Google search engine, you will receive over 10 million returns. So, why is it that marketers use the word secret when in fact they are flogging it to
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2018: The Year of Intention
What will you do for yourself in 2018? What new behaviors will serve you better? What current beliefs do you hold that aren’t working for you? How do you see yourself in a way that you have outgrown? Behaviors,
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Bitcoin News: CME Opens, and Trading Tightens
The CME opened it’s futures contract today (BTCF8) that expires in January. The spreads are tightening up! The CBOE’s contract, (XBT) spreads are down from around $100 to around $30 as I look at the
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Two Parts to Trading Psychology That Lead to Better Trading Decisions
There are two parts to trading psychology that when understood lead to better trading decisions: the inside and the outside. First let’s look at the outside. The market itself is not an objective,
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