Trading Psychology

Trading Psychology: A Checklist Approach

The S&P 500 made significant gains in the first days of 2011, yet many market analysts and traders are bearish. The reasons vary and include worries about earnings or the economy but many feel that the market is headed for a fall. These bearish pronouncements seem to be business as usual. Last s

Taking Back Your Edge From the Jaws of Fear: What You Need to Know About Emotions and Trading

In the course of their evolution, every trader (if they are honest with themselves) has experienced disabling fear. How it happened – and why it continues to happen – often remain a mystery to the trader. Before the trader knows it, all reason has been hijacked and fear takes its toll on the

The Brain on Trading: Emotional Intelligence and the Trader’s Mind

An Emotional Braking System Failure “I left money on the table yesterday, and I’m not going to leave money on the table this time!” Harry silently declared, “I’ve missed out too many times – I’m going to ride this one and clean up.” Harry could feel the excitement pulsing in his vein

Trading Psychology

The Mental Aspect of Trading by Linda Bradford Raschke The Best Psychological Test of All By Brett N. Steenbarger, Ph.D. Psychology of Trading by Jason Alan Jankovsky How To Get What You Want When Trading By Joe Ross Ten Le

Gann’s 29 Rules of Success

©Halliker’s Inc. Reprinted with permission of Traders World Magazine (www.tradersworld.com) Rule #1 : Strive for Success To be successful the most important rule is to strive for success. This means you must exert effort and put a lot of hard work into your effort. You must have both the shor

The Technical Aspects of Trading Emotions

By Martha Stokes, C.M.T. © copyright 2007 all rights reserved. Every seminar and book will tell you that controlling your emotions and having discipline in you’re trading are essential to your success. But no one tells you how to achieve emotional control and personal discipline while trading th

The Delusional Trader

By Adrienne Toghraie ©2009, Reprinted with permission of Traders World Magazine (www.tradersworld.com) Psychologists would tell you that being in a delusional state means that you are psychotic – obviously not a good thing, especially when you need to know what is really going on in the world. B

Why Is Day Trading So Difficult?

There are three main reasons why day trading is so difficult: 1)When day trading, trading time is compressed. Losses and wins come at you faster and more often which requires a mature, developed psychology to properly handle that kind of instantaneous feedback in

Time Tested Classic Trading Rules for the Modern Trader to Follow

By Linda Bradford Raschke This is a list of classic trading rules that was given to me while on the trading floor in 1984. A senior trader collected these rules from classic trading literature throughout the twentieth century. They obviously withstand the age-old

Three Major Reasons for Losses

By Robin Dayne By After 14 years of having the opportunity and privilege to coach different levels of traders in most markets and situations, some very interesting and common problems emerged. Coaching brings the best and the worst out of traders and being honest