When global markets feel a little toppy and uncertainty rears its ugly head, we’re reminded how much a critical role trading psychology plays. Uncertainty is naturally hard for us humans. We don’t like it, we crave knowledge about the future in the same way we crave food or sex. Our brains perceive uncertainty as a threat, and
A lot of traders like to listen to music while they trade, and they do it to pass time or to help elevate their trading psychology edge. For me, it’s the latter. And for this reason, I strategically choose the type of music I listen to while trading. I like classical music. I am by no means
If you ever went on Google to search for terms like “best personal finance books” or “best book on money”, then, you’ve most likely seen the book Rich Dad, Poor Dad by Robert T. Kiyoshi appear at the very top of the search results. Robert T. Kiyosaki is an American businessman, investor, bestselling author, and motivational speaker. He’s
Trading is a multi-leveled experience. Learning it can change your life in some profound ways. When you trade long enough, you eventually acquire a new set of mental models through which you begin to see and experience life. Your life circumstances become a matter of risk and reward, process, good trade-bad trade, expectancy, etc. This helps you learn
I’m a sucker for stories with a powerful message. Especially those coming from the Zen tradition. They often seem strange and confusing, but if you look closely, they contain profound wisdom. Below is one of my favorite Zen stories.The Old Man and The PracticeOne day, a boy playing on the beach saw an old man in the
Guest post by Colm Fitzgerald Like most of you reading this, I’m a big fan of Yvan’s ‘Trading Composure’ tweets. His tweets remind me of my mindset when I was a professional trader―or more precisely, the enormous gulf between this mindset and the mindset of ordinary people. I loved trading and had been trading since I was