Month: October 2018

Trader

A Shift in Mindset – 2

  Last week we discussed a common problem with new and developing traders – difficulty accepting losses as a normal part of the game. And we discussed a simple idea for moving beyond this problem, through seeking profits over a larger series of trades rather than any individual trade. You can see last week's article…

Trader

A Shift in Mindset

  I love this comment in response to last week's article (see the article here if you missed it). This was the trade Steve is referring to: Too many traders take the loss personally. As Steve says, they're stuck in the mindset of "Aaargh, I did it again." Their focus is on themselves and their…

Trading Process and Strategy

Chasing Performance

  Here's a little post-session exercise which may help stretch your performance to "never-before-reached" profit levels. Pick a target just above your all-time-high for a trading session. Whatever that is – $100, $500, $1000, $5000 or more. And ask yourself the following. Looking at the chart for today's session, with the benefit of hindsight, how…