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Trading Psychology Articles

 

Getting Your Mantal Game Together by Woody Johnson

Carl looked at the chart with interest and some trepidation. He had been here many times before. He was playing the NQ E-mini. The 60-minute chart showed what to him was a strong demand zone and he had placed his limit order to buy just below the top of the zone, and placed his OSO order to put a stop just below the bottom of the bottom of the zone... READ MORE

 

Know Your Emotional Pivots by Woody Johnson

Anne's furrowed brow and queasy stomach told the whole story. She had realized for some time that a thought, emotional, behavioral pattern had formed and was affecting her trading results. It seemed that every time she began her trading session and especially as she was about to enter a trade, her anxiety levels spiked... READ MORE

 

The Power of NOW by Woody Johnson

The phone rang and rang and rang before he noticed it; and even then, he refused to answer it. He said to himself, "Whatever or whomever it is can wait." Just then, as he glanced across his data, he briefly caught sight of a loss and his P&L was down. In fact, he had experienced three losses so far in this trading session. They barely registered on his radar. He was intently focused on the task at hand; that is, preparing his trade plan for the entry he saw on the ES E-mini where the price action was retracing back to a supply zone... READ MORE

 

You Must Manage What you Can't Control by Woody Johnson

Emotions...they are part of the essentials of what make you human; as essential as the importance of opposable thumbs; for without emotions, as with your thumbs, you would not have the same quality and flexibility of responses. Now, what is interesting is that some traders labor under the false belief that they must stamp out, eradicate or otherwise do away with their emotions in the trade... READ MORE

 

Are You Should-ing Youself? by Woody Johnson

Karla frowned at her screen. The price action on the daily YM E-mini chart had been in a mature symmetrical triangle price pattern, and it was not going up as she had expected or as she had outlined in her micro trade plan. In a few more minutes, the price action had dropped even further, very close to her stop. The anxiety and fear that she felt drove her to move that stop... READ MORE

 

Using Meditation to Remain Focused in the Heart of Battle by Woody Johnson

Marvin stirred slightly as the unobtrusive ring of the alarm went off to let him know that his time was up. It was still very early in the morning as he was finishing another one of his important components of his morning routine. He had been meditating for a few months now and he already noticed a difference in his ability to hold his focus more intently even through the incessant noise of his random thoughts... READ MORE

 

Beliefs: What You Hold True, Will Drive What You Do by Woody Johnson

Tom reeled from the sound. Even though it was in his head, it felt like it had just happened with all the force and humiliation of that moment over 37 years ago. It was hard to imagine that this event would still have the strength that it did. He remembered with stark clarity how in a parent-teacher meeting, his father had become furious because he had received a C on his Algebra final... READ MORE

 

Two Sides of the Trading Coin that Can Bring You Profit by Woody Johnson

Have you ever found yourself in a trade that later you wondered, "Who was controlling my mouse?" This happens because there are other "parts" of us that can emerge and they lurk in either side of our brains. As you probably know, we have two brain hemispheres that make up what can be termed "the dual brain... READ MORE

 

Change: You Must be Willing to do Something Differently by Woody Johnson

Sheila knew she was in trouble, and no matter how long she stared at the monitor, the picture was the same. She had taken a huge hit to her portfolio – 20% in one trade and in one day! It's not as though she was a complete novice; she had run into this type of issue before. In fact, she had promised herself that she would stop repeating this same mistake; that is, letting her emotions get in the way of her good sense... READ MORE

 

Remaining in Line with What Matters Most in teh Trade by Woody Johnson

Antonio remained unfazed as he watched it. Although the price action inched closer and closer to his stop, by all outward appearances, he was cool, calm and collected. But, underneath the surface, his heart still beat like a bass drum in a marching band; and he could feel the tightness coiling in the nape of his neck... READ MORE

 

Successful Trading Means Being Accountable.. Are You? by Woody Johnson

Richard heaved a heavy sigh. He was thoroughly perplexed, confused, frustrated and dejected as he struggled to understand why the stock he was trading had taken a dive in the late afternoon. The Earnings Report had good news and what's more, the Bloomberg analyst noted that it should rise. Well, it did, just before it crashed...with him in tow... READ MORE

 

The Importance of Tracking Your Trades by Woody Johnson

His thoughts raced and he still felt the remnants of the pounding in his chest. "Wow," he thought, that could have been disastrous. Kevin had taken a loss, but he actually found himself feeling upbeat and positive. Just weeks before, he would have kicked his desk while hurling expletives at himself, the market, his platform, the talking heads on news and anyone else within thinking distance. That was several weeks ago, before he had learned to use mental tools to bring his execution under control and his emotions under new management... READ MORE

 

Turning Down the Noise in Your Trading by Woody Johnson

Debra's heart jumped almost in the same manner as the green blast-off candle that kept rising on the 5-minute chart. It was on the NQ E-mini Futures, and she was dying to get in on what looked to her to be a sure thing. In fact, she heard herself saying, "This has money written all over it." Debra had been waiting, patiently at first, for a long opportunity... READ MORE

 

Fire Your Rep When You're Ready to Trade by Woody Johnson

Tracy was still angry with her husband even though the argument happened last night. She thought that since she "slept" on it that things would look a little differently today...they didn't. She and Bob had a good relationship, but sometimes "he could be so stubborn," she thought to herself... READ MORE

 

Self Discipline: Why is it so Difficult? by Woody Johnson

Max had had enough and in the words of the movie "Network," he was "...mad as hell and he wasn't going to take it anymore!" Max had taken several Futures classes from some very good instructors. He had a trade plan, and he had been told that it was fairly comprehensive... READ MORE

 

Patience & Trading by Jessie Roberts
Patience is equal in value to discipline in this game; both are priceless. We've always suspected that the reason 90 to 95 percent of retail traders lose their money is that they have no patience... READ MORE

Discipline in Trading by Jessie Roberts
We hear the word discipline a lot when people talk about trading philosophies and trading psychology. Most of us heard the word a lot in our formative years too. The concept is the same. Discipline when you were younger might have meant getting up early to do your morning paper route, making sure to do your chores before breakfast, or being on time for school... READ MORE

Hardwired to Trade by Jessie Roberts
You will find that as you learn how to trade, it is not enough to be told something, read about it, and then experience it in the market. Taken cumulatively as an approach to learning, that still amounts to a series of brief impressions... READ MORE

Trading Psychology by Jessie Roberts
There are many misconceptions about the type of people successful traders are. For example, are they are creative mavericks with aggressive personalities? This is not altogether untrue but is the opposite of the case in our estimation... READ MORE

Know Yourself and Your Fellow Investors by Jawed Ahmad

We review certain aspects of individual and market behavior that are commonly observed in the stock markets. This will help you understand how and why people act in the manner that they do when they enter into stock market transactions... READ MORE

 

Develop a Trading Routine that will Bring Your 'A' Game by Woody Johnson

His sleep-filled eyes could barely focus on the chart staring back at him from the computer screen. He felt sluggish, his mind foggy, and his movements slow, but what was quite clear is that he had lost again. Oscar's anger began to rise through the fog as he asked the question, which fell like a dead weight on the silence around him... READ MORE

Failure & Adversity Enable Success by Steve Ward

All high performers go through tough times at some point. Michael Jordan was dropped from his high school basketball team, Kelly Holmes had persistent injury problems before eventually winning her double Olympic gold, Steve Redgrave was diagnosed with diabetes…the list is endless. It is almost like it is a natural part of the path to success, a challenge or challenges that have to be endured and survived in order to take you to the next level. Not unlike the hero in some ancient Greek mythology tale talking on the challenges in order to achieve the great prize... READ MORE

 

Deal With Negative Emotions Positively by Steve Ward

What states would you say are negative for you? Which feelings detract from your trading performance? Which emotions do you experience as a trader that prevent you from performing to the best of your abilities? How do they do this? How often do you experience these emotions? How do you deal with them? ...READ MORE

 

Jamie McIntyre - Mindset of a Millionaire by owen Trimball

Having achieved success as an entrepreneur, Jamie McIntyre is now a sought after educator. His seminar content has been reviewed as some of the most relevant material that this century needs. His insistence on dynamic learning transcends what typical college students learn in classrooms. His highly effective program has been recognized as applicable to people of all ages and from any financial circumstances... READ MORE

 

Get Out of your Way & on the Road to Profit by Woody Johnson

Does this sound familiar? Jack has a high profile leadership position. His job demands that he create a year-end report. Jack is well aware of how much effort and time it takes to competently deliver this report and every year Jack will wait till the last minute, incurring unnecessary stress and mental anguish, not to mention lost sleep to get it in on time... READ MORE

 

The Power of Practice, Part II by Woody Johnson

In last week's article, The Power of Practice, Part I, we looked at the importance of incorporating a TOTE in working towards your goals; that is, using a Test, Operate, Test, Exit approach to training yourself in strategies that are designed to get the results that you want... READ MORE

 

Trading is a Journey in Self Discovery by Woody Johnson

I know a trader, let's call him Leon. He day trades Futures. He has been actively trading for several years. His profits are erratic and undependable, often going dramatically up and down in the same session... READ MORE

 

The Power of Practice by Woody Johnson

Mastering anything involves learning, incessant practice, and being willing to fail...a lot. Failure is the secret key to success. That may sound contradictory on the surface; however, true achievers and champions will tell you that before they enjoyed the sweet smell of consistent victory, they tasted the brew of failure... READ MORE

 

The Power of Now by Woody Johnson

Debra looked at the candle on the daily chart. It was yesterday's candle and it was red just like several before it; and it looked good. You see, it represented a pull-back from a high several days ago on the YM E-mini. The high was the latest in several higher highs and higher lows that stretched back a few months representing a strong upward trend... READ MORE

 

Results-Orientated Thinking: Aiming for the Results You Want by Woody Johnson

Dr. Woody discusses how results-oriented thinking helps you identify what you really "want" in trading. Trading is a purely mental game, and if you don't fully recognize and appreciate that, you are tossing your fate to serendipity, and you are gambling - which is usually, a losing deal... READ MORE

 

Trusting the Trade by Sam Evans

This week Sam focuses on the need to trust your trades by using a couple of recent examples from the price activity on the AUDUSD. He explains that when a good trade presents itself to him on a chart, he needs to take that trade and trust the trade, no matter what else he sees or hears - and how you should do the same... READ MORE

 

A Powerful Tool for Bringing Your "A" Game by Woody Johnson

Bringing your "A" game to your trading platform and ensuring that you are "in the moment, fully available, fully present and in the now" of the trade is crucial to getting the results that you want. Dr. Woody discusses how meditation can be a powerful tool in accomplishing this goal... READ MORE

 

Learn to Love Your Losers by Leroy Rushing
Ok, so no trader truly enjoys taking a losing trade. But if you want to succeed in this business of day trading, learning to love your losers (or at least
accepting them) is one of the most important lessons you can learn... READ MORE

 

To Trade in the Trenches, You Must Have a Trading to Win Focus by Woody Johnson

Like most emotions, doubt is normal. Dr. Woody discusses this and how you must decide which life strategy you are willing to undertake in the service of your trading... READ MORE

 

Tired of Crappy Results? Then Change Your Thinking by Woody Johnson

The results you experience can be traced directly to how and what you think. This week Dr. Woody discusses how if you are getting results that fly in the face of what you want, then you must change your thinking to break the pattern... READ MORE

 

Self-Hypnosis: A Major Key to Managing Emotions by Woody Johnson

One of the most powerful tools that you can have in your tool belt to manage emotions and greatly reduce the pain associated with "bone-headed" rule violations that ravage your trading account is self-hypnosis. Dr. Woody discusses how this technique, if practiced diligently, will yield massive benefits in your trading and your life... READ MORE

 

Some Essentials to Trading Successfully by Woody Johnson

Success in trading requires a number of crucial elements without which failure is all but guaranteed. In this week's article, Dr. Woody goes over some of these critical elements... READ MORE

 

Getting the Results that You Should Get by Woody Johnson

Dr. Woody discusses how strong, positive habits like clarity of vision and thought, consistent effective behavior that follows a well constructed plan, well-established protocols, and effective routines will lead to getting the results that you should get... READ MORE

 

You Can't Change What You Can't Face by Woody Johnson

Contrary to popular thought among traders, there is no magic bullet or Holy Grail solution that can change the results you get when you trade - the solution to your problem lies within "you." This week Dr. Woody discusses how if you change your thinking, you can change your trading results... READ MORE

 

It's not What You Know, it's the You You Know by Sam Evans

Sam discusses how using the skills we already possess to the very best of our abilities, and developing the traits we are missing to form a coherent approach to trading will bring us consistency to flawlessly execute each and every trade to the very best of our abilities. No matter what background you come from, you can make trading work for you... READ MORE

 

Copy - Paste by Sam Seiden

Sam discusses how the losing trader has a "copy – paste" mind. They simply see what actions others are taking, copy those novice actions and paste them into their belief system... READ MORE

 

Are You Playing to Win, or Playing Not to Lose? by Woody Johnson

At the crux of bringing your "A" Game to your trading platform is your underlying philosophy and how you see the world. Dr. Woody revisits a previous topic in this week's article and asks again if you are playing to win or playing not to lose... READ MORE

 

All That Glitters is not Gold by Bill Provenzano

My wife and I are Olympic junkies.  There are only a couple of television shows that we will watch together during the week.  But when the Olympics are on, there is a lot of family TV time. Having played hockey in my youth, I was of course glued to the TV for the men’s USA vs. Canada gold medal hockey game... READ MORE

 

Language - The Doorway to Getting Better Trading Results by Woody Johnson

The use of language is essential in directing a person's experience and focus of attention. You define yourself by the language you use. Dr. Woody describes how our language can make or break us in our trading endeavors... READ MORE

 

Filters: The Lenses Through Which We See the World by Woody Johnson

Dr. Woody helps you become aware of your filters and when appropriate, to deliberately and by design use those filters to more easily direct you to the results you want. This is living by design and not by default. Take control of your trading and your life one event, one tool and one deliberate action at a time... READ MORE

 

Outcome Thinking: Aiming for the Results You Want by Woody Johnson

What kind of results are you getting in your trading? Are you violating your rules because you have been unable to keep your commitments, which have lead to disastrous draw downs and massive losses? Dr. Woody discusses how one of the things that is important in changing this scenario is to recalibrate what you are aiming for by targeting your thoughts to outcome thinking and results orientations... READ MORE

 

Patience and Probabilities by Sam Seiden 

Sam explains why patience and probabilities go hand-in-hand in the world of trading. Patience is required to wait for price to reach key supply and demand levels before taking action, and with it comes high probabilities… READ MORE

Trends: A Risk Reward Trap Depending on Your Point of View by Sam Seiden

Conventional Technical Analysis reveals the trend AFTER the trend is well underway, which can lead to high-risk, low-reward, and low probability trading and investing. Sam's goal with this article is to offer you another edge-building tool that will help you see the trend as the trend is just beginning, and thus be able to spot low-risk, high-reward trade entries… READ MORE

 

A Basic Introduction to Trading Mindset by Willie Gregg

Many people talk about the wonders of trading and how it can be best approached, but knowing how to establish and identify your entry signals can mean a lot to setting the right path to trading, therefore, a basic introduction to trading must be in order. The primary goal to trading is for profit, since the penultimate goal for it is to sell for a profit. But do take note that trading is like gambling, where one cannot determine or tell what exact market forces are at play and what it can ultimately do to spell your trading choices... READ MORE

 

Take Your Trading to the Next Level: The Power of Alignment by Woody Johnson

Have you ever tried to ride a bicycle with loose or uneven wheels? They begin to wobble; the gears don't shift right, and the brakes rub, causing severe resistance and can even stop you. Humans are often out of alignment, but sadly, many don't recognize it. Dr. Woody looks at the importance of being properly aligned as this will help our successes in trading… READ MORE

 

Managing Your Emotions With Your Mind by Woody Johnson

The strongest mental modes are created in early childhood. These can affect your ability to be a successful trader. This week Dr. Woody takes a look at how it is important to examine the unconscious faulty beliefs that are motivating your erratic feelings that, in turn, drive bad behaviors creating results you don't want… READ MORE

 

The Motivation of a Child: It Can Catapult Your Trading by Woody Johnson

Children's obsessions and dogged determination to see, imitate, listen and learn about their world can be an example that drives you to be more successful in your trading. This week Dr. Woody looks at how those childhood passions can be rekindled and how you can use them to achieve the results you desire… READ MORE

Attitude - The Springboard for Being Passionate About Your Rules by Woody Johnson

Dr. Woody identifies several myths in trading. He discusses that if you have the right attitude and make it a priority to be passionate about your rules, you can achieve your trading goals… READ MORE

 

Give Yourself a Trading Edge Through the Use of Anchors by Woody Johnson

Dr. Woody discusses why successful traders know how to anchor their emotions and their self-confidence during times of turbulence. He gives you guidance on how to make anchors work for you in trading… READ MORE

 

Modeling Excellence is a Tool for Success by Woody Johnson

Dr. Woody discusses how some of your most fundamental skills have been acquired through modeling others. He explains why it is important for traders to model their trading paths after an expert in the field, achieving greater consistency in the skills they have which will lead to more trading successes… READ MORE

 

Who is Showing Up to Trade? by Woody Johnson

Did you know that you don't have to be mentally ill to have different personalities reside in your body? Dr. Woody tells you that this kind of personal and emotional volatility can play havoc on your trading account and what you can do to change it… READ MORE

A Healthy Psychological Profile is Needed for Successful Trading by Van K. Tharp

Many mental health professionals define an "uncertain" condition as being stressful. Uncertainty occurs because of too much information or because of too little capacity. The very fact that we cannot deal with available information is stressful… READ MORE

 

Your Beliefs about Trading by Van K. Tharp

You do not trade the markets—no one does.  Now that might sound surprising to many of you.  But what you really trade are your beliefs about the market.  Furthermore, your ability to do so is tempered by your beliefs about yourself... READ MORE

Make an Honest Self-appraisal by Van K. Tharp

Think about the last loss you had in your trading.  What caused it?  Who was responsible for it?  If your response was anything other than yourself (e.g., the market, my broker, bad advice, etc.), then you are not taking responsibility for your results.  And the consequences of not taking full responsibility for your results,  is that you will repeat mistakes over and over again… READ MORE

 

Flow of the Markets by Van K. Tharp

Imagine yourself floating down a river, only you don't know that you are. You do, however, notice that when you move in one direction, with the flow of the river, you move rapidly. When you move in another direction, against the river, you move slowly or not at all. In fact, when you go in that direction, you seem to put out a lot more effort just to stay in place. Your life becomes a struggle. It just seems to push you in another direction. Feeling miserable, you fight against it. But it doesn't help. You still seem to move only in one direction—with the flow of the river… READ MORE

 

Stop Worrying Yourself out of Profits by Van K. Tharp

Every time Michael thought about entering the market he said to himself "But what if I lose?" Those thoughts often paralyzed him from action or delayed his entry so long that many opportunities simply passed before he would pick up the phone. When Michael did open a position, all he could think about were negative consequences. "My system is wrong at least half the time—what if this is one of those times?'' He couldn't sleep because his mind was racing with those “what if” thoughts. Michael suffered from a chronic "dis-ease" of the mind called worry… READ MORE

 

Trader Self-Evaluation by Van K. Tharp

I believe the most significant work that anyone can do to increase market returns is self- work. Really understanding yourself and how you think can give you an edge that others in the market don't have… READ MORE

 

Dealing With Market Uncertainty by Lance Beggs

The nature of the markets is uncertainty. When you enter a trade, no matter how skilled you are at analysis, there is no certainty in outcome. So how do we, as technical analysts, attempt to work within the uncertainty of price action?.... READ MORE


Trading Psychology - Doubt by Lance Beggs

Trading is hard. You have many lessons to learn, and it takes a lot longer than most of us expect. It's not enough to just develop a positive expectancy system. You need to also learn the lessons of risk management, money management, and overcoming the many challenges of a negative trading psychology. It's natural that at times we will start to doubt ourselves and our ability to trade. We doubt our ability to meet this challenge. So what's the solution?.... READ MORE


Trading Problems - Maintaining Focus by Lance Beggs

Maintaining trading focus can be difficult. Not only will you face distractions from external sources, but you also face internal distractions from your negative fear-based trading mindset. In this article you will discover a simple but effective tool to help you minimize distraction, and maintain your focus on the job at hand - consistent application of your trading plan..... READ MORE


Stop Losses - My Biggest Downfall by Lance Beggs

I got another email this morning - "...Sticking to stop losses is my biggest downfall, any suggestions?" This is such an important question and such a common question, that I felt I should share my answer..... READ MORE

 

Words of Wisdom For Traders From an Olympic Athlete by Gary Dayton

The psychology of Trading is very much like the psychology of sport, just without the athleticism. See what a world class competitor says about the mental side of her game and how it applies to trading… READ MORE

 

How to Overcome Fear Following Heavy Losses Using Trading Psychology by Gary Dayton

Would you like to overcome fear in trading. This article discusses one trader's plight and the three things that helped this trader get back on track… READ MORE

 

Use Mindfulness to Elevate Your Trading by Gary Dayton

Mindfulness can benefit the active trader in many ways helping to improve their trading and their trading psychology. Mindfulness can help reduce stress, increase a trader's emotional intelligence, boost the trader's ability to maintain concentration and attention, and even help the trader develop a greater awareness of the market environment. Mindfulness is not well understood by the typical trader... READ MORE

 

Things I've Noticed Along the Way So Far by Gary Dayton

Here are a few things I have noticed about traders. These include some of the noteworthy characteristics of successful as well as not-so-successful traders… READ MORE

 

How Mindfulness Can Help Improve Your Trading by Gary Dayton

Mindfulness is changing the landscape of psychology and can be of great benefit to traders. Learn how mindfulness skills can help you reduce stress, become more focused, see more of what's going on in the market, and overcome self-defeating behaviors… READ MORE

 

Three Characteristics of Elite Athletes and How They Apply to Traders by Gary Dayton

Have you ever watched an elite athlete play their game and thought about how they are a model for traders and trading psychology? Fluid motions, always seeming to be at the right spot at the right time, rarely flustered or visibly upset, and more often than not, making winning plays. How do they develop these skills and can traders use this information?.. READ MORE

 

Five Common Mistakes Traders Make in Keeping a Trading Journal by Gary Dayton

Some of the biggest errors traders is related to their trading journal. Here are five common errors that can easily be corrected and put you on the path for successful trading through your trading journal… READ MORE

 

2 Tips to Deal With Boredom in Trading by Gary Dayton

Do you find flat, dull markets boring? Do you get distracted in this kind of market environment? Even worse, do you take "boredom trades" and chop yourself up? Here is an article explaining what really happens with boredom and how to address it… READ MORE

 

Using Mindfulness to Avoid Emotional Hijackings in Trading by Gary Dayton

Do you find yourself cutting winners short, chasing the market or failing to pull the trigger because your emotions hijack you? Why not stop the emotional hijackings and trade better? This article shows you how… READ MORE

 

2 Tips on Keeping Your Patience While Trading by Gary Dayton

Do you find yourself jumping in and out of the market, chasing trades, and taking too many unplanned traded? Patience is a virtue in trading. Read this article to learn two important tips on how to keep it… READ MORE

 

Two Tips in Using the Post-Trade Assessment to Improve Your Trading by Gary Dayton

Once sorted, identify the characteristics winning trades had in common. Were winners taken under certain market conditions or indications? How did you feel about them? Also, note the characteristics of losing trades. Under what conditions were these trades taken? Were they unplanned? Did they break your trading rules? What was your mind-set?.. READ MORE

 

Five Tips on Being a Contrarian Trader by Gary Dayton

Can a car manufacturer offer important advice to traders? Audi certainly can… READ MORE

 

What You Can Do About Trading Mistakes by Gary Dayton

What do you do when you make a trading mistake? Do you get down on yourself and let emotions run your trading? Does the rest of your day suffer or do you look forward to the next trade setup so you can trade again?.. READ MORE

 

8 Tips to Gain Control and Achieve trading Success by Gary Dayton

One of the biggest negative impacts on our everyday lives is the thought of control. Controlling thought processes, wanting to control outcomes in life, how employees perform, what happens in general in our lives, and more. There are certain things you can control and a large number that you can't...

READ MORE

 

An Important Tip on How to Stay Focused While Trading by Gary Dayton

A question I often hear is, "How can trading psychology help me to stay focused? I seem to easily become distracted and then miss good trades!".. READ MORE

 

A Drug For Trading Losses? by Gary Dayton

Wouldn't it be nice if there were a drug for the pain of trading losses? As a psychologist, I am often asked about medications. This article explains why they won't work and gives you 3 tips to help you handle trading losses… READ MORE

 

Can You Learn to Trade in the Zone Like Elite Athletes? by Gary Dayton

You've heard about 'the zone' and how helpful it is for trading. But what exactly is this zone and can traders really learn to get into the zone? The answer is yes and this article tells how… READ MORE

 

How the Trading Journal Gives You an Edge in Your Trading by Gary Dayton

Do you use a trading journal? Do you understand the key benefits from using a journal? This article explains why a trading journal is so helpful and how to properly use one… READ MORE

 

Serena's Meltdown and What it Means For Traders by Gary Dayton

Did you watch the semifinals match where Serena Williams lost her focus and the match to an emotional outburst towards the line judge? See what you can learn as a trader from this experience… READ MORE

 

Trading Psychology & Trader Frustration by Gary Dayton

What does trading psychology say about being frustrated? Here's the scenario: you've been sitting on the sidelines while watching the market rally 50% off the March lows. Are you itching to jump in and buy? Are you frustrated because you are missing profits?.. READ MORE

 

Why Following the Experts Harms Our Trading Psychology by Gary Dayton

Although we all like to be right and may believe that others must know more than we do, when it comes to trading the markets, this is just not true. When we listen to experts we are affecting our own trading psychology in negative ways. This article explains why this is so… READ MORE

 

Three Things You Can Do to Start the Trading Day Right For Better Trading by Gary Dayton

How a trader starts the day is important. Many set themselves up for stress and distraction without even realizing it. Learn three simple things you can do to start your trading day right… READ MORE

 

Do You Know How to Set Proper Goals in 6 Key Areas to Stimulate Your Trading? by Gary Dayton

Do you know how to set goals for your trading? If you think your trading goal should be a certain amount of money, points, or pips per day, think again. This article explains how to set proper goals in six key areas of trading… READ MORE

 

Can You Learn Mental Secrets From Elite Athletes Essential For Trading? by Gary Dayton

Top athletes often play crucial matches at less than their best. Somehow, they seem able to turn a lackluster performance into a win. Traders having a no-so-good day in the markets can apply the same mental skills as elite athletes for a winning day. This article explains how… READ MORE

 

Prepare Like an Athlete to Improve Your Trading by Gary Dayton

How well do you prepare for the trading day? Athletes spend many hours in preparation before a competitive game or tournament. This article explains how traders can learn much from elite athletes about how they lay the groundwork for top level competitive performance… READ MORE

 

Trading Psychology and the Trading Journal - Seven Tools to Boost Trading Skills and Profitability by Gary Dayton

Top traders know that a trade journal is a vital tool that helps them on their path to success. Most traders, however, either don't keep a journal or don't know how to use one. Here are seven key tips on using the trade journal for maximum benefit… READ MORE

 

Be Wary of Trading Chat Rooms and Ego Tendencies by Gary Dayton

Are you a member of a trading chat room? Although they can be very useful, chat rooms can also be a danger for a trader. This article explains why… READ MORE

 

Top Tips to Maintain Your Psychological Edge While Trading by Gary Dayton

Are you a trader looking for an edge? Your trading psychology skill-set is just as important as your technical trading skills. Here are seven tips you can use to build and maintain a psychological trading edge… READ MORE

 

Five Things to Avoid in Trading by Gary Dayton

Are you a trader who reads the experts' newsletters but still can't seem to win at trading? Do you find yourself in losing trades because you had a market bias or refused to let the market tell you that your trade idea was wrong? From a trading psychology perspective, there are things you clearly don't want to do. Here are five of them along with corrective remedies… READ MORE

 

How Big Are Your Charts? by Gary Dayton

Are you frustrated with frequent losing trades? Do you "drill down" to a small time frame to try reduce risk and "see" the chart better? Read why dropping to a small time frame may seem to give you psychological comfort but may not be in your best trading interest… READ MORE

 

Top Ten Trading Psychology Myths by Gary Dayton

Do you know what it takes to be a top trader? It's not what you may think. Here are ten trading psychology myths you should be aware of for trading… READ MORE

 

Emotion Always Pays Logic by Sam Seiden

Our job in trading is to find the novice trader who makes decisions based on EMOTION, and simply take the other side of his or her trade. This week Sam will discuss how emotion always pays logic … READ MORE

 

The Quest for Truth by Sam Seiden

Years ago, Sam set out on a quest for truth. This week he shares his realization that whether you are talking about Newton's Laws of Motion, Smith's theories of supply and demand, or Maxwell's laws of electromagnetic force, the basic governing dynamic of these laws and principles are different manifestations of the exact same governing dynamic. He discusses how he was able to apply this truth to financial markets… READ MORE

 

Three Trading Losses in a Row by Lance Beggs

Three losses in a row are tough. That's about the most consecutive losses that novice traders are psychologically prepared to accept before they feel compelled to take action and 'correct' the situation. Is this the right response though?.... READ MORE

 

A Trading Psychology Lesson From a Nine Year Old by Lance Beggs

Sometimes the best trading psychology lessons don't come from trading psychology books or even from the markets. In this article you'll discover a great lesson I received recently from a nine-year old. Yeah, that's right - nine years old..... READ MORE

 

The Greatest Trading Loss by Lance Beggs

What is the greatest risk you face in trading? Is it loss of money? Certainly, that's what most traders believe. I tend to disagree though. In my opinion we have something much greater at risk, that very few of us consider during the 'learning phase'..... READ MORE