Psychology Of Trading Webinar
I'm presenting a psychology of trading webinar for free with the good folks at TradeKing. The webinar will be Tuesday, August 24th at 5pm ET If you're interested, click the…
I’m A Winner!
There is no feeling quite like that of success in trading. To take the time to perform analysis on a name, establish a trading plan and then profit from your…
Focus on the positive
It seems so easy to focus on the things we do wrong. I can name hundreds of mistakes I’ve made in my life. I choose not to focus on what…
Fear
Fear has a way of making us focus on unfavorable headlines and price action. Fear impacts our ability to evaluate alternatives as it clouds objectivity. Fear is why profits are…
Stress: The nature of the beast
Stress comes from both external and internal forces with the latter being the only one we can control. As a market participant, there are stressors you can control but overall…
So, you want to be a trader?
If you’ve thought about becoming a full-time trader there are a few things you might want to consider before you turn in your two-week notice. First thing I suggest is…
Conscientiousness and Trading
One of the five factors the Market Awareness Profile (MAP) measures is conscientiousness-- the way in which we control, regulate, and direct our impulses. Impulses are not inherently bad; occasionally…
Locus of Control
Interesting question posed to me recently amongst a small group of market participants that I meet with on a regular basis. We all come from different backgrounds and each of…
Self-Efficacy
For some, market participation is all about money, for others it is a lifestyle and for a few participants they see it as a challenge. Why do you participate? Are…
Managing Risk
Over the years I've been fortunate enough to get to know thousands of market participants. Some are long-term investors others are scalping pennies per trade on thousands of shares while…