Chart showing Trading Strategies that Suck!

Trading Strategies That Suck

If you can’t consistently execute your strategy, maybe it’s not your mindset.  Did Richard Friesen, mindset trading coach, really just say that? Yes, I did. You see, one of the biggest reasons

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Why “Will Power” Will Drain Your Brain Power

Carl Richards makes it simple. Carl Richards has an uncanny way of taking complex financial issues and putting them in simple compelling sketches. You can see samples of his work at: https://behaviorgap.com. This

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I Don’t Have Confidence in My Trading Strategy

Of course you don’t. Nor should you. Independent traders are missing strategy confidence. As a trading coach, I get a bird’s eye view of all the issues that traders face. I have reviewed over 2000

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Picture shows many fingers pointing at guilty trader

You Should Feel Guilty Making Money as a Trader

“You should feel guilty making money as a trader.” Many traders who come to me as clients or students have a voice inside their head that says something similar to this sentence. It can come from their

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Image of evil shadow out to sabotage man running in fear

They Are Sabotaging My Success

“My wife doesn’t support me. After every trading session she looks at me with critical eyes.” “My parents want me to get a real job. They believe trading is just like gambling and I’m addicted.” “All

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Rich brushing up on trading psychology in the Nevada desert

Combat Trading: How combat training teaches trading psychology

A lesson in Combat TradingHow does a boot camp that teaches small arms combat, help traders develop a master trader’s mindset?I just spent four days in the Nevada desert in an intense small arms combat

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The illusion of control can affect your trading decisions

Does Your “Control” Illusion Create Trading Losses?

The mind trap we’re going to look at today is “Control Illusion.” This means that if your subconscious mind believes that it is in control, as a trader, you ascribe more value than is actually there. This

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Are you smaller than your money?

Are You Smaller Than Your Money?

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, not our Darkness, that most frightens us.” – Marianne Williamson First,

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Do you have a trading addiction?

Do you have a Trading Addiction?

How do you know if you’re addicted to trading? Signs of a trading addiction Some of my clients are addicted to trading. Yes, addicted. Addicted in the same sense as alcohol, gambling, sex or nicotine

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Does the Trader's Mindset really matter? An image by sbtlneet on Pixabay

The Trader’s State of Mind – Does it Matter?

Does the Trader’s State of Mind really matter? I have heard this argued both ways. It is been argued that the trader’s state of mind, or more formally, the psychology of a trader, is less critical

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Is your money thermostat set too low

Is Your Success Thermostat Set Too Low?

It never occurs to most traders that they may have a big problem with success. I have never had a new private client tell me that one of their biggest issues was handling financial success and wealth as

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Image: controlling emotion

The Path to Emotional Control

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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persistent trading mistakes infinite image

Your 2018 Persistent Trading Mistakes Will Persist in 2019

Yes, your 2018 persistent trading mistakes will persist in the year 2019. For those of you who know me well, this headline probably gave you a big jolt. My trading methodology and coaching practice is

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Impulse trading is not what you think

Impulse Trading Isn’t What You Think

It feels so sudden. It feels like it is out of our control. It feels like something just took over. It feels so persistent. It feels so irrational. We start with good intentions and make a vow. Before

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Image showing chart proving the issue of handling trading losses is always at the top of the list.

Our Trading Brain and Trading Loss

A slow motion, step by step playbook. Why is trading loss the biggest pain point for traders? In a survey of over 1000 traders, the issue of handling trading losses is always at the top of the list.

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Image of signposts: December is trading psychology month

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 personal stories

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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The more you care the worse you fare

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 Trading Psychology Precepts

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

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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