trading mindset

May 12, 2019

Conquering False Trading Expectations

Whether you trade at home or in an office.  Trading by its very nature can be a very solitary endeavor.  As socially wired creatures we all have a deep desire to be seen and heard.   As such many traders gravitate towards trading websites and social media platforms to share trade ideas, commentary, and seek validation. While there are benefits to social media like the sense of community and belonging, there is also a darker side that goes beyond the mere endless digital distractions. Anyone who knows me knows that I am no fan of social media prescribing more towards […]
May 3, 2019
Four powerful questions to check your biases and beliefs

Four powerful questions to check your biases and beliefs

What does it look like when you are trading your best? What does your decision-making process look like? What is your state of mind? When I am trading my best I am approaching the markets from a process-based, detached, unbiased, and non-judgemental perspective. Like most traders after a string of losses or gains (or an uneven streak of results), I can sometimes find myself inclined to desire a particular outcome after putting on a trade. This is the basis for biases to appear. The bias that we often experience in trading is a desire for a preferential outcome which can […]
June 1, 2018

Top preparations for a great day of trading: The ultimate checklist to achieve a productive day of trading

This guest post was contributed by Titan FX.  Find out more about Titan FX at https://titanfx.com. To ensure a productive and successful day of trading, get yourself ready with the right tools and strategies as well as an equipped mindset. In a lively market, traders should strengthen themselves with effective pre-trading preparations. Before beginning your trading session, it is important to prepare and get organized with all the things you will need. Doing this will establish optimal performance and a more focused way of thinking for an active day of trades. To succeed in trading, be sure to first set up preparations […]
February 26, 2018

Webinar: Creating the Ideal Trading State

In the final part of the 3 part webinar series for Disnat Direct and clients, I discuss the importance of not just trade management but self-management. Summary: Anyone who has been trading for any length of time quickly realizes how important the mental game is to trading. After all, trading is largely a game of decision making and as human beings, there is a host of cognitive biases and mental leaks (fears, limiting beliefs, etc.) that can bleed into one’s trading. Many traders mistakenly believe that consistent trading success is simply a function of having a battle-tested trading system that […]
December 22, 2016

What are you doing that is keeping you from getting what you really want?

“Success is the progressive realization of a worthy ideal.” As we enter upon the final trading days of the year set aside some time the next several days to reflect on your trading this past year. Invest the time and reflect on some of your goals and consider some of these questions. Did you get the results you were looking for?  Quantitatively and qualitatively? Did you consistently act and trade in a way consistent with a professional trader? Did you improve as a trader? What were some of the areas you made the most improvement? What areas do you continue to struggle? What particular market conditions, […]
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 […]
June 9, 2016

Trading Exercise: Your Trading Twin

If you’ve been struggling or want to take your trading to the next level it’s sometime best to take a step back and view things from a different perspective. The following visualization exercise is adapted from Sam Bennett’s book, Get It Done, and may help you reframe your current reality and where it is you want to go. Take three deep belly breaths and begin to imagine: First begin by picturing a safe place.  This place may be somewhere you have been in the past (or some place you wish to visit in the future) that brings you calm and relaxation. […]
January 18, 2016

Episode 23 – Successful Trading Begins And Ends With Self Awareness

Listen to the Episode Below (00:30:00) Play / pause 1x 1.5x 2x 0:00 0:00 00:30:00 volume Episode 23 – Successful Trading Begins And Ends With Self Awareness iTunesGoogle PlayShare Leave a ReviewClammr ItListen in a New WindowDownloadSoundCloudStitcherSubscribe on AndroidSubscribe via RSSLeave a ReviewSubscribe on Android Sign up for our weekly newsletter Stay up to date with the podcast, and get notified when the next podcast drops. Subscribe Summary In today’s show, we’re going to have a conversation on the nature of beliefs and how they affect our trading. As well we’ll get into why developing awareness is the central tenet […]
September 21, 2015

Episode 10 – The role of neuro meta structures and how to reshape and upgrade our trading mindsets through Awareness, Acceptance, & Action w/ Rich Friesen

Listen to the Episode Below (01:02:52) Play / pause 1x 1.5x 2x 0:00 0:00 01:02:52 volume Episode 10 – The role of neuro meta structures and how to reshape and upgrade our trading mindsets through Awareness, Acceptance, & Action w/ Rich Friesen iTunesGoogle PlayShare Leave a ReviewClammr ItListen in a New WindowDownloadSoundCloudStitcherSubscribe on AndroidSubscribe via RSSLeave a ReviewSubscribe on Android Sign up for our weekly newsletter Stay up to date with the podcast, and get notified when the next podcast drops. Subscribe Summary   In this episode I had the opportunity to deep dive into the topic of developing the […]
July 26, 2015

The 12 reasons most traders fail

“The trading profession has a problem that is two-fold:  There is a low bar for entry and a high bar for success.” I’m probably not going to make a lot of friends with this post.  This is hard to say and it many ways even harder to accept but most would be traders who enter into the world of trading have already failed long before they ever begin. The skills, attitudes, mindsets, and beliefs that most would be traders bring to trading is ultimately inadequate to create sustained success.  I’ve compiled the 12 reasons the most common reasons I see […]
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