Excerpt from http://news.yahoo.com/fx-traders-seek-coaching-battle-dominance-080909184.html By Nia Williams | Reuters – Sun, Sep 30, 2012 …”Most traders and coaches agreed the most important attribute for making money in financial markets is self-confidence. Along with discipline and a clear process, it can help traders run profitable bets and cut quickly out of losses. Without it traders may start second-guessing decisions, doubting their instincts and over-reaching …
Category: Trading Performance and Psychology
Feb 26
At Peace with Money
People with money are not good or bad, they are just people with money. People without money are not good or bad, they are just people without money. You with lots of money is not good or bad, it is just you with lots of money. Total acceptance of money can remove the fear of …
Feb 22
What Psychometrics Reveal About Your Trading Performance
The uncertainty of the trading environment is highly challenging. To be profitable requires knowing with confidence how to consistently perform at your best. Even though most traders know what to do in order to minimize their losses and eliminate those blowout trades, statistics show that they find it impossible to do what they know. In …
Jan 25
Why Beating Yourself Up Enforces Bad Trading Behaviour
When you beat yourself up for missed opportunities, letting a loss run into the abyss, cutting your profits short or anything that you think you should have done differently, you are stuck in the problem. All you can see is the problem and hence you will repeat the same mistake over and over again, beating …
