March 29, 2015

Get 10% Happier – Take the 28 Day Mindfulness for Traders Challenge

[Tweet “I can’t think of one practice that has more improved my outlook on trading more than mindfulness.”] From the likes of hedge fund managers Ray Dalio and Paul Tudor Jones, to artists and professionals like Howard Stern, Tim Ferriss, and Russell Simmons, and countless sports athletes, the number of high performers who are extolling the benefits of meditation is growing and growing. Likewise, as I’ve written in the past, the benefits to traders who incorporate a mindfulness practice is abundantly clear – Mindful traders can reduce the effects of irrelevant emotions by regulating those emotions more effectively, while still remaining […]
January 16, 2015

Lessons from What I Learned Losing a Million Dollars

Black Friday Several Friday’s ago I had the type of session that could have ended very badly for me. I started the session with a good trade but then missed an easy opportunity which would have allowed me to meet my trading goals for the day.  I call it missing the “one and done” trade.  Truth be told, everything after that feels like a blur.  The mental switch was flipped and I then proceeded to act like the proverbial bull in a china shop and chasing the market to try to make something happen.  By the end of my trading session I was […]
June 13, 2014

Are you having Problems Pulling the Trigger or Sticking to your Trading Plan?

Have you had your share of lumps in the market? Do you now find it hard to follow your trading rules? Are you taking profits too quickly? Are you struggling with letting your winners run? Are you closing out your trades early just to see them ultimately run up and hit your targets? If you’ve been burned trading here’s why you’re having a hard time making it back An interesting study which came out in March titled “Cortisol shifts financial risk preferences” may help us shed light on why many traders fall into the numerous bad patterns aforementioned and offers some clues on how we […]
May 30, 2014

How Do You Build Resilience Into Your Trading? #mindfulness

Are you trying to trade your way out of your current slump? Are you digging yourself a deeper and deeper hole with your trading? Are your trading losses piling up and affecting your profitability for the week, month, year? Have you experienced depression or negative thoughts stemming from your trading? Has you trading influenced your personal or family life? Do you use avoidance as a method of stress management? Do you use alcohol or drugs to manage to dull the stress or anxiety from trading? I myself have answered yes to many if not all of these questions in my trading career. […]