This is a blog post from 2016 and I’ve updated it to make it more pertinent.
Aspiring traders will often start their journey with a discretionary approach to trading, where they get to decide which trades to make and how to manage them, based on the information available at the time.
What separates the winning traders from the losers?
It’s not their accomplishments, which are just symptoms, after all. It’s the way they think.
Here are 7 deadly thought habit of the unprofitable trader.
The meditation-and-the-brain research has been rolling in steadily for a number of years now.
Although a lot of the earlier studies were flawed and yielded unreliable results, more recent reviews have pointed out many of these flaws with the hope of guiding current research into a more fruitful path.
Significant changes often accompany the death of certain illusions. So here’s something that will significantly change the way you think of your trader’s mindset — thereby improving it.
Emotional pain is one of the most common ways that our mind reacts to a loss, or a string of them.
Below is a list of common questions/ comments your mind makes when you lose, which often stir up or intensify unpleasant feelings.
I don’t know how long you’ve been trading but I’ve been doing it for over 10 years now. After everything is said and done, what I’ve noticed is that the endeavor is purely psychological in nature.
Now, you might be saying, “Well no, a market edge and a risk management plan have to come first. Without those, there’s no trading, only gambling.”