Symptoms Versus the Root Cause
popdoc2014-01-28T11:14:46+00:00‘I have to try harder to be more patient’ ‘I need to be more disciplined taking my losses when I should’ Of course you do. But do you really
‘I have to try harder to be more patient’ ‘I need to be more disciplined taking my losses when I should’ Of course you do. But do you really
Do you insist on holding onto a losing trade? The need to be right can drain you of energy and it takes you away from the present moment. You're
As you read everyone's articles on new years resolutions and possibly consider your own, keep in mind one very important concept that you probably won't hear much about. The
Some things never change. Regardless of what the FB bankers did or not do, and regardless of what happened at the NDAQ exchange, the blame game is alive and well.
Most traders realize that trading involves a lot of psychology. And most traders readily admit that a significant portion of their trading losses, or lack of performance, is due to
How much money can I make? Many independent traders come to trading with preconceived ideas about how much money they can make (I’m sure all the ads promising you can
Although I don’t golf much, I’ve found that much of the mental game involved in golfing is very similar to trading. Below I’ve listed some quotes from golfing champions
Many models of cognitive functioning like to use computer analogies. That can be okay, but has limited utility when you're actually trying to change something about yourself. The computer model
Repeating the same mistake(s) over and over strongly suggests that you’re managing a trade or managing your feelings in relation to your P&L, not in relation to the market. There
Most people enter trading with the idea that they are going to make a lot of money. In other words, they have high expectations. There is nothing inherently wrong with