Welcome
Psychtrader was designed to help the individual trader find themselves, define a trading plan that matches their personality, and then discover an edge in the markets that they are best suited for.
Once an edge is found, a trader must execute that strategy over and over again without fail. Traders who impulsively change their mind at the last minute end up losing. Armed with this knowledge, you can and will become a more focused, disciplined, and successful trader. You need to have a detailed trading plan but you also need to be able to follow that plan without emotion. If you plan ahead, then you become a proactive trader rather than an unsuccessful reactive trader who seems to always be in the red.
Trading success, much like a diet, is largely a matter of maintaining discipline. Once an edge is found, an understanding of how personality impacts trading and an understanding of the market traded, discipline will remain. The responsibility of sticking to a trading plan ultimately rests with the individual trader; where the proverbial rubber meets the road.
On the other end of the spectrum is trading failure, which often leads to trading on tilt. If discipline isn’t exercised and vigilance maintained, the odds increase significantly that emotions will rule trading decisions. Trading on tilt is similar in nature to “falling off” of a diet and going on a binge, only later regretting the act itself. Discipline isn’t an easy task, but the rewards make the efforts to maintain it well worth the work.
The mentor program helps traders define themselves, define a trading plan, and define their edge. Please contact me if you have any questions regarding any of the services offered.