Three weeks ago we discussed a Mental Reset routine for quickly and effectively returning your mind to the present moment. (See here: Improve your Edge with a Mental Reset Ritual) Two weeks ago we continued our discussion, talking about the optimal mental and physical state I’m seeking to achieve in my own trading. (See here:…
Happy trading, Lance Beggs
Here's a great question I received via private message on Social Media during the week, which I think is relevant to all of us. I'll make an assumption here that the intent is to talk about how to fit trading into "life". That is, how to find sufficient time for not only trading, but all…
Question: “As a discretionary trader, how do I define my edge?” Answer: Here are some ideas: Strategy development: YTC Price Action Trader Work on psychology: My Daily Trading Psychology Routine Improve the recording of your stats: Trading Journal Spreadsheet Replay and Review prior sessions: What is Market Replay? Develop your Market Structure Journal: This…
Part of my pre-session routine involves a quick review of my Motivation Journal. The Motivation Journal is simply a folder containing various pieces of text or image material which I find sufficiently motivating; the aim being to ensure I face each trading session with focus and commitment and, most importantly, confidence. The YTC Price…
“The words we attach to our experience become our experience.” … Anthony Robbins The following are extracts taken from email Q&A with traders (taken at random from my email archives). I love trading and keep on working hard, striving to become a better trader each day. I am constantly working on my weaknesses but they…
Performance psychology plays a VITAL part in my daily trading routines and processes, as I’ve outlined in the image below. Have you established your own tools, methods and strategies to ensure peak performance? If not, why not? Your trading strategy may contain a tested and proven edge, and yet all too often we see traders…
If you're not on facebook (http://www.facebook.com/yourtradingcoach) then you would have missed this recent Q&A: Question: (in response to a repost of this old article: https://www.yourtradingcoach.com/trader/trading-psychology-from-a-9-year-old/) I saw this in your recent article, "And I certainly believe that the career of a trader does provide significant benefits for society (a subject for another future article perhaps)"….
(NOTE: This is not an advertisement! It's a report of my first attempts to introduce biofeedback into my trading routine.) Several weeks ago I advised in the YTC newsletter that I'd bought an emWave2 biofeedback device. My plan was that I'd experiment with it over the following 6-8 weeks and report on it's effectiveness as…
