Emotional

June 19, 2016

Are Large Losses Necessary?

Recently I was having a friendly debate with a fellow trader around the nature of losses.  His belief, and one which i believe is shared by a great many traders, is that experiencing a large trading loss (or even losses) is a necessary part of learning how to trade.  That is for a trader to truly learn the hard lessons in trading there has to be a loss so painful that he will not forget the lesson. We debated the merits around this argument and in the end it’s my opinion that large trading losses are not necessary however for […]
May 9, 2015

What’s your trading mindset?

  System, Methodology, and Psychology form the foundations of trading. Yet most traders doggedly pursue finding a “holy grail” trading system and methodology but leave the psychological aspects of their trading thoroughly un-examined. “The life which is unexamined is not worth living.” – Socrates If you struggle with emotions in your trading (such as having a fear based mindset), lose money trading live money but can make money consistently paper trading, or for some reason cannot seem to follow you trade plan, you need to begin to examine your psychology. In this video I lay out a framework which you can begin to use to assess your trading mindset and a […]
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