Category: mental game
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Bad Information Leads To Bad Trades
Most of the trading content you read on social media is garbage. Sure some blogs are good, but most are bad. Yes some tweets are mind-bending, but most are worthless. You know this and have an inkling of what is good and what is garbage. The problem is it all…
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The Shocking Way That Winning Trades Blow Up Trading Accounts
You may have just crushed it with your biggest winning trade of the year, but you still do not know how to trade. That rush your feeling means it was a bad trade. Good trades are not exciting. If this trade was your biggest win of the year, you probably…
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How to trade the news with this top secret foolproof plan
Looking back, Brexit was a big deal. Definitely the biggest deal since the banks collapsed in 2008. Think about it. The 5th largest economy in the world left the European Union. What the heck is Google, Amazon and Netflix going to do now? The stock market guru’s over on CNBC…
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The 7 Words You Must Tell Yourself Every Morning
I was once a gambler, but now a trader. I once blew up a 200k account within a matter of weeks. Up until that point, I thought I was a trader. I opened up a trading account during the last stages of the roaring 90s internet boom. For a while…
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It’s the small wins that hurt
This is what holds many traders back. The small wins. Yet we love to take those small wins, and avoid small meaningless losses like the plague. We are afraid of losses. It doesn’t matter it it is big or small, that L is scary. It’s all about the fear of…
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Don’t choose unhappiness over uncertainty
It’s a flaw in our brilliant minds and one that afflicts most traders. It’s a big reason why 90 percent of traders fail. I’m watching one of my students trade a few weeks ago and he keeps taking these ridiculously small wins. Over and over again, he takes these small…
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Subtract Your Way To Trading Success
Swing Trading Master So you know about swing trading breakouts . . . fantastic. You can make a lot of money trading those. So you know about stochastics . . . that’s great. Extreme conditions lead to extreme profits. So you trading using Fibonacci retracements . . . awesome. I…
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Define yourself as a trader
We can choose to define ourselves as traders by the trades we take. This is not about the money we make. Rather it’s the place within the setup that we enter. Do you require more confirmation, content to give up some gain in exchange for safety? Or do you jump…
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Prepare for the worst and the worst Martin Shkeli joke you ever heard
Martin: I have a horrible migraine. Prison guard: A bottle of Advil is $750,000 It’s easy to lose sight of the dangers of trading when things are going well. A few good trades and you are invincible. But it only takes one bad trade to wipe all the profit away.…
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Trading Meditation: Is It Your Head or Your Trading?
There is is nothing wrong with your mental game. Your head is fine and there is no need to go to a trading psychologist. You have got it all wrong. It’s not that you don’t know how to control your emotions, it’s just that you don’t know how to –…
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Trading Meditation: Perception Is Nothing But Fiction
Fact: Perception is fictional. You never see full reality, only what your brain wants you to see. Basically, your brain is lying to you every second of every minute of every day. Are you a contrarian? Then that opening gap looks like a slam dunk parabolic short. Do you like…
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Trading Meditation: Uncertainty Is The Way
Certainty is a problem for traders. They want the answer to the question, “What will the market do”. I do not know. Does that make me an idiot? No, it makes me smart. I know that I do not know, and I accept it. I know that I am not…
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Trading Meditation: Taking Small Losses Is Not So Bad
It hurt bad, yet it wasn’t so bad. Once when I was 9 years old my dad hit me with 10 straight pitches in a row. This was after I kept jumping out of the batters box while Pablo fired off 3 strikes right down the middle of the plate.…
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Trading Meditation: The Early Bird Gets The Profits
Hesitation gets you nowhere. It is linked to fear and fear guides traders to the poor house. But Paul, I want confirmation. No, you are just afraid. So you wait. For the safety of the move. Seeing the stock move feels safe. So you act. And now you lose. That…
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Trading Meditation: Be The Wolf, Not A Sheep
If every trader is doing the same thing, how does anybody make money? Trading is a zero sum game. Somebody wins, somebody loses. And the split is not 50/50. It is more like 10/90. For those who are making significant percentage gains, it’s more like 5/95. To the few victors…
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Trading Meditation: How to tell if it’s intuition or guessing
Intuition is a swing trader’s best friend. When we intuit it seems as though there is no conscious reasoning. To the outsider it seems like guessing. In reality it is a function of the mind that glimpses greater knowledge through experience and pattern recognition. Traders often confuse intuition with guessing.…
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Trading secret for those unwilling to understand that they can not predict the future
Traders know less about the future than they think they do. And if the trader knows she does not know, she thinks someone else does. It’s why you hang onto every word of woefully inaccurate CNBC pundits. It’s why you love and hate Cramer. It’s why you follow 3654 members…
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9 Steps to Making Your 2016 Trading Goals Stick
The new year is always a good time to hit the reset button and create new trading goals for the coming year. Most traders set fantastic goals, but few actually achieve them. In fact, after a month or two, most don’t even think about their 2016 goals because most have already…
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How to Embrace Your Fear in Trading: The Trading Intelligentsia Has it Wrong
Most trader’s and coaches think of emotion as if it is trading kryptonite. The worst of these emotions is thought to be fear. If you Google “fear” and “trading” you will see a host of “how to overcome fear in trading” articles. No disrespect to those authors, but they are…
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How’s Microsoft Doing?
My friend asked me how Microsoft is doing at a dinner party. This is how our real conversation went last night:Please retweet if you liked this article! Tweet Friend: How is Microsoft doing?Me: I don’t know.Friend: Don’t you trade stocks?Me: Yes.Friend: Then how do you not know how Microsoft is doing?Me:…
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The Trader I Strive To Be
Focus on your trading strengths We are almost at the half way point of the trading year. As usual I am ready to review my trades and goals. A cursory scan leaves me with the feeling that I have done a good job, but as always have plenty of room…
Paul J Singh 