Changing the Equation
popdoc2010-12-14T17:49:46+00:00Most people enter trading with the idea that they are going to make a lot of money. In other words, they have high expectations. There is nothing inherently wrong with
14
12, 2010
10
12, 2010
Patience, Poker and Trading
popdoc2010-12-10T16:43:44+00:00I'm re-posting this piece due to popularity.... A few months ago I asked a friend who is a veteran trader and a former professional poker player for some advice before
6
12, 2010
Are You Patient?
popdoc2010-12-06T18:20:52+00:00In any competitive arena, whether it is trading, sports, poker, or others, waiting is often a very potent form of power. Waiting can come in many forms: waiting for the
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11, 2010
The Importance of Working With Emotions
popdoc2010-11-29T17:52:06+00:00As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take
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11, 2010
Perfectionism and Performance
popdoc2010-11-16T18:06:01+00:00A common trait among newer traders, or among traders that are not profitable is a need for perfection. With so much noise in the media, blogs, and forums about calling
9
11, 2010
A Practical Approach to Trader Development
popdoc2010-11-09T15:30:23+00:00A common way of looking at the development of any skill, including trading, is to use the psychologist Abraham Maslow’s Four Stages of Learning model. Maslow uses the matrix of
1
11, 2010
The Slippery Slope of Prediction
popdoc2010-11-01T16:54:36+00:00Trading is not really about prediction or being right or wrong. It is really about how much are you willing to risk to find out. It’s easy to take the
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10, 2010
Understanding the Difference Between Pain and Chaos
popdoc2010-10-26T14:37:45+00:00To a large extent, human nature dictates that we seek pleasure and avoid pain or discomfort. In the effort to seek pleasure and avoid discomfort, humans (and traders) can engage
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10, 2010
An Alternative Way of Looking at Risk:Reward
popdoc2010-10-20T19:13:40+00:00The typical trader is not profitable, and I suggest that one must learn to operate differently than the typical trader. One example is how the typical trader looks at risk
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10, 2010
A Follow-up to the Webinar on Self-Confidence
popdoc2010-10-15T15:27:49+00:00It was nice to see that my recent webinar on self-confidence in trading had about 325 live attendees. I wanted to mention a few things I didn’t have time for.