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 One of the biggest (if not THE biggest) issues that I have had to face in my trading is getting over a loss. Even if I did everything correctly, losses still affected me more than any win. To a certain extent, it is still something that I am working on. Don’t get me wrong, [...]  As I have been backtesting and recording the results, there is one thing that has been very apparent. The losers affect me much more than the winners. So much more so that many times I think that I am having a really bad month when I am actually doing well. I have been trying [...] Here is another episode from Tony Robbins series, Breakthrough. It is about Rick and Melissa Lawson. Melissa’s dream has been to be a country music singer and she even won a contest to get a recording contract. Her ambitions put a strain on her family however and her long periods on the road [...] On a recent trade, I was able to stay in the trade because I focused on price action. However, my ability to stay in a trade and see it to fruition is not as nearly as reliable as I would like it to be. As I continue to work on this, I thought that [...] Linda Raschke has been a professional trader for over 20 years and can definitely tell us a thing or two about how to get out of a trading slump. Her primary claim to fame was being featured in Jack Schwager’s book The New Market Wizards. In 1995, she co-authored the best selling book “Street Smarts – High Probability Short Term Trading Strategies.”
In Slump Busting Techniques, Linda presents this material for the first time to a live audience. Here is the full description of the audio recording from INO:
Recently, I have been much more interested in the psychological aspects of trading and how to improve my mental toughness and increase my profitability. What does Linda think is important in becoming successful in trading? Click here to continue reading Audio Review: Slump Busting Techniques >> If there was one thing that I learned from playing sports, it was that pregame routines are important. I used to wonder why we did the same thing over and over. Can’t we mix it up a little? Keep things interesting? Well there was a reason for doing the same thing before every game. It got our minds focused on the game and was something familiar and calming. Upon doing a little research, I found some pretty funny pregame rituals. Click here to see some of the best ones. The thing is that as traders, we need to have a pregame routine too. I was listening to a couple of legendary traders talk about the importance of a trading ritual, so I figured it must be important. Click here to see a recent post from fellow forex trader Ryan O’Keefe about his trading routine. So I decided to adopt my own routine. First I put in my earphones and crank up my iPod. Then I do something similar to this: I actually do play Low Rider by War before I start trading. It has a good beat to which I can visualize myself making good trades and my account balance going up. I always stop listening at the first break. Click here to continue reading My Daily Pre-Trading Routine >>  "You looking at me?" Let’s do a quick exercise. I promise it will only take a minute but it will have a pretty important message. First take a look at your charts. Open them like you would any other trading day even if the markets are closed. Now look closely at the chart in front of you. Do you see it? No, look carefully. If you don’t see it, then switch to another chart. And another, and another. Keep looking until you find it. I’ll give you another minute…seriously, look CAREFULLY. … … … Ah, ha! Click here to continue reading How To Cure An Itchy Trigger Finger >>  I'm all about the audio version I just got through reading, err, listening to Dr. Wayne Dyer’s book Excuses Begone! Even though this isn’t a trading book per se, I believe that it is important to explore different points of view when it comes to examining my own psychology. I usually get the audio version of a book whenever possible because that allows me to do two things at once. For example, I listened to this entire audio book over the course of several sessions at the gym. I have finished other audio books while cleaning my car or sitting on the toilet. Audiobooks have to be one of the best inventions ever! But I digress. If you have never read or listened to any of Dr. Dyer’s books before, Click here to continue reading Excuses Begone! – Book Review >> |
 
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