We seek immediate comfort and try to avoid things that may bring immediate discomfort. Understand this basic principle that guides much of our thinking and behavior. Trading involves discomfort
Many models of cognitive functioning like to use computer analogies. That can be okay, but has limited utility when you're actually trying to change something about yourself. The computer model
The alternative title for this blog was, 'Cognitive Flexibility Pays' Some things never change. When humans are faced with information or data and need to decide what to do with
Repeating the same mistake(s) over and over strongly suggests that you’re managing a trade or managing your feelings in relation to your P&L, not in relation to the market. There
Are You Making Money? I receive a lot of emails from traders asking for advice. As a full-time trader and trading coach my time is limited, but I do what
If you’ve read my other blogs you know about the dirty little secret in trading, and that it’s not the entries, but the exits that makes a trader consistent. And
Altering one's beliefs can be an effective way to improve performance, but it requires a type of work that most people typically don’t anticipate. Although beliefs, emotions, thoughts, perceptions, etc,
