Does your self-esteem rise and fall with your account equity? If so, your probably in for some difficult times ahead with your trading. For some traders, a trade is more
I came into trading back in 1995 after having worked for a few years as a psychological consultant for the U.S. Dept. of Defense and the Navy. That work involved
Some traders post their trades in a public forum like twitter, a message board, a blog, or in a chat room. As in many things, there are pros and cons.
Emotion analytics is the process of tracking one’s emotions. It is an important tool in trading psychology and is used by some very sophisticated traders. The importance of understanding your
We never know what will happen. The market is in constant motion and is a sea of uncertainty. We must learn to become comfortable with alternative views if we want
We all have different personal strengths and weakness. Many people focus on transforming a weakness into a strength. While that is admirable, the reality is that it’s not always possible.
Altering one's beliefs can be an effective way to improve performance, but it requires a type of work that most people typically don’t anticipate. Although beliefs, emotions, thoughts, perceptions, etc,
Responsibility as a trader means a lot of different things. As a psychologist, I like to talk about being “responsible” for ones’ owns emotions – identifying and accepting them, and
The first part of the dirty little secret was revealed here The Dirty Little Secret Here’s the new stuff for Part 2. Institutional traders often do a better job attending
Today is rollover for Futures contracts, moving into the December contract month, and often presents an especially tricky market environment. I have learned, from trial and error, to not trade
