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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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?
“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?
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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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 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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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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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 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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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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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 Guide to Steady, Consistent Results
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 Trading Success
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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