A 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
A 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
Trading 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
To 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
Before getting into the topic at hand, I want to first say that as a discretionary trader in the ES, I try my best to not think or act like
Some traders post their trades in a public forum like twitter, a message board, a blog, or in a chat room. As in many things, there are pros and cons.
Responsibility as a trader means a lot of different things. As a psychologist, I like to talk about being “responsible” for ones’ owns emotions – identifying and accepting them, and
