Trading requires a peculiarly-balanced mix of emotional skills. If you trade out of fear, you will fail to take positions and close out winners early. If you trade out of hope, you will hold onto your losses and not take profit when you should. If you...
As an aside, I want to point out that although this period of intensive study helped me immeasurably in my ability to call the markets, it cost me substantially in my personal life. My daughter […] was at a crucial formative age […] and I spent...
“You need a stubborn belief in an idea, in order to see it realized” – James Dyson As human beings, we are naturally inspired by the stories of great heroes: people that have gone against the odds and come out victorious. This is something that goes...
“Don’t sweat the small stuff – and it’s all small stuff” – W. Dyer Whenever we’re dealing with bad news, a difficult trade, or a disappointment of some kind, most of us have behavioural patterns that are dysfunctional to say the least: we overreact and frequently...
So you want to trade for a living eh? Have you ever sat down to speak with someone that actually does it? Have you tried it on for size, to see if it fits you? Most people are attracted to trading for the same reasons: money,...
Who cares if your trade wins or loses? Well, you probably do care and that is ok. I care about my trades too. But your trading is not dependent on the outcome of the next trade. It is dependent on the combined outcome of the next...
