3/02/2013 From trading coach Dr. Kenneth Reid – the story of a currency trader with a “Type A” personality who lost and then recovers his ability to wait by radically accepting his losses.
2/25/13 If you had difficulty trading today (Dow down 216 points), I encourage you to take a moment and figure out why. Most likely, your own ideas about what should happen, shouldn’t happen and what is about to happen got in the way. It is amazing how easily we...
One of the trickiest traps that traders fall into is what I call “over-coupling” with the market. Trading has an addictive quality; it can induce a trance-like state of mind which makes it difficult to maintain a rational perspective. We become fascinated...
One of my clients who trades options rather aggressively recently had a period of drawdown after a multi-month winning streak. Having three weeks of losses in a row was uncharacteristic of this trader. So I asked what else was going on in his life. As it turned out,...
Aspiring traders often trade way too much. They trade more because they miss out on so much, so they are always playing catch-up. The equity and futures markets have two activity periods, 2 hours in the morning and 1 hour in the afternoon. If your trading method and...
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