Archive for June, 2009
Self-Sabotage Revealed
Posted on16. Jun, 2009 by admin.
Self-Sabotage Revealed
In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks the discipline to act in one’s own best interest. For example, when you have dessert, knowing it’s taboo because you are trying get healthy, you might call that self-sabotage. Or [...]
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Creating Your Watch List
Posted on15. Jun, 2009 by admin.
Some people like to trade the same stock over and over throughout the trading day. Traders tend to get a good feel for how one particular stock moves. A trader becomes familiar with its reoccurring support and resistance areas from trading the same stock repeatedly for a week, month, or even year. The trader knows [...]
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Eight Short-term Technical Tools that can Make You Money
Posted on11. Jun, 2009 by admin.
Eight Short-term Technical Tools that can Make You Money
There are several valuable technical trading tools that I use on a shorter-term and even an intra-day basis. While I am not a “day trader” and am more of an intermediate-term “position trader,” I do have many readers that are day traders or trade shorter timeframes. Thus, [...]
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Discipline in Meeting Your Goals
Posted on10. Jun, 2009 by admin.
Discipline in Meeting Your Goals
You probably have some specific goals in your trading. And if you don’t, then I’d suggest that you develop some. But if you do, you might need some discipline to help you meet those goals. As a result, I thought I’d focus this week’s psychology tip around helping you to better [...]
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Fear Factor: The Impact of Trading With “Sacred Money”
Posted on10. Jun, 2009 by admin.
Fear Factor: The Impact of Trading With “Sacred Money”
I am not a big casino gambler, but I have been at the venues in Las Vegas and Atlantic City, as well as in other casinos worldwide. I have observed a myriad of gamblers at the poker, black jack, roulette and craps tables. An interesting characteristic among [...]
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Why Having a Mission Statement Behind Your Trading is so Critical to Your Success as a Trader II
Posted on09. Jun, 2009 by admin.
Why Having a Mission Statement Behind Your Trading is so Critical to Your Success as a Trader II
As a trader, you need a mission statement. In previous post I suggested several mission statements. We also made the assumption that you had a mission to produce an infinite wealth stream for yourself within the next five [...]
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Why Having a Mission Statement Behind Your Trading is so Critical to Your Success as a Trader I
Posted on09. Jun, 2009 by admin.
Why Having a Mission Statement Behind Your Trading is so Critical to Your Success as a Trader I
You probably have some specific goals in your trading. And if you don’t, then I’d suggest that you develop some. But if you do, you might need some discipline to help you meet those goals. As a result, [...]
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Entry and Exit Strategies for Maximum Profitability
Posted on08. Jun, 2009 by admin.
Entry and Exit Strategies for Maximum Profitability
I have received several email messages from readers asking about how to best determine entry and exit strategies when trading markets. Here are just a few of their quotes:
“Though my success rate has been high, I am only breaking even financially, due to getting out too early in profit [...]
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Does Your Trading System Work?
Posted on08. Jun, 2009 by admin.
Does Your Trading System Work?
There are many different methods, systems and strategies which traders, “newbies” and old “pro’s”, apply to the market to make a profit from the movements in the prices. Each trader will assert that his or her methods are the best and the most profitable, but the truth is that each trading [...]
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10 Key Questions on Measuring Your Trading Progress and Success
Posted on05. Jun, 2009 by admin.
10 Key Questions on Measuring Your Trading Progress and Success
At some point in nearly everyone’s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually [...]
