Category Archives for "Trading Pyschology"
When used as a verb, tinker has the following definition: attempt to repair or improve something in a casual or desultory way, often to no useful effect.
When I was younger I would have several successful trades or weeks, then get hit by a big loss or several losses and I would immediately start to tinker with my trade setups and indicators.
This of course immediately messes with your head and doesn’t help. I was reminded of this as I watched golf this weekend. Continue reading
Happy Father’s Day!!!
On this U.S. Open Championship weekend I thought it appropriate to discuss golf and how it relates to trading. I can think of at least 5 ways that golf can help your trading…there are probably many more. Continue reading
A book in my library jumped off the shelf and into my lap. It said “remember me?” So I thought well, I haven’t looked at this in a while, let’s take a peek.
3 Tips
Inside there were some pearls of wisdom…3 tips to help you trade well. So I thought I’d share them with you.
- It’s not about who’s right.
- Forget the past.
- Avoid the future tense.
Continue reading
The word outliers became a popular word I believe, after Malcolm Gladwell wrote the NY Times best seller, “Outliers, the story of success” in 2008.
In the book he talks about several successful people and came up with the 10,000 hour rule. His rule said that to achieve world-class success, one needs to practice your craft for 10,000 hours.
The 10,000 hour rule is an interesting idea and one that could apply to trading. But what I want to focus on today is the concept that an outlier is a trade, a trading day, week or month that can make your year.
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China just released two more readings on their economy very early Saturday morning, Dallas time. Both reports showed that the China slowdown continues. Continue reading
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