Many traders overlook the importance that trading psychology plays in successful trading. They follow all of the rules from a course, but they are never able to trade as well as the person teaching the course and they wonder why. More often than not, it is because they have not taken the time to figure […]
At the end of the movie Wall Street, Bud Fox’s father tells him to do something real. Is trading real? Let us know what you think in this post.
Happy New Year, I hope you had a fun holiday! I took some time off from writing, but I’m back. It was good to get away for a bit to recharge and work on some projects that needed some catching up on. Even though the new year is now staring us square in the face, […]
What is the SWAG Forex Trading System? You should know it because it is famous. You have probably even traded it before. It is very easy to trade and the profit potential is huge…in theory, at least. Before you get too excited about this trading method, let’s find out what SWAG stands for. During my […]
Successful discretionary trading is supposed to be black and white…but it isn’t. That is half the challenge (and the fun). There is a constant battle between the “Spring Break/Girls Gone Wild” part of your brain that wants to risk half your account on one trade while drinking a Tequila shot and the other part that […]
In this video, Denise Shull shares her thoughts on they psychology of successful trading through her experiences as a Trader and Trading Coach. She believes that much of the conventional advice on trading psychology is flawed and she gives her input on a variety of topics related to performing well in trading.
In trading, you can be long or short. But you can also sit on your hands. Learn why sometimes, this is the best trading strategy of all.
Losing trades can mess with your head. Learn how to minimize their psychological impact with these questions.
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 I […]
Green Fairies can be the worst thing that ever happens to you. Find out why and how you can avoid falling under their spell.
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 […]
So at the end of the day you may have spent that $100 bill a thousand times in your imagination. That is the equivalent of spending $100,000 in a day!