Trading Psychology
I am no expert in psychology. Just like all other traders, I went through all kinds of emotional troubles before finding my way to live with trading. Articles written on the subject are more personal experience than anything else.
I am a strong believer that by being knowledgeable enough in a subject (in this case trading), the emotional swings associated with the uncertainties will subside. The key here is not just knowledgeable in theory, but also fluent in applying the knowledge.
A good analogy is driving. You cannot drive a car by just learning it from a few video instruction sessions. You have to practice to get a feel how driving actually works. Better drivers do not necessarily driving cars many hours a day. It is the focus and the amount of time spent in fine tuning certain skills in driving that counts.
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Essence of Trading: The Three Pillars of Critical Thinking (Part 1)
Critical thinking is not just thinking hard or deep into an issue and then decide whether to believe it or not. It is a common misunderstanding that everyone can just do that at will if they try. Most of us has to be trained to have the necessary cri ...
Critical thinking is not just thinking hard or deep into an issue and then decide whether to believe it or not. It is a common misunderstanding that everyone can just do that at will if they try. Most of us has to be trained to have the necessary cri ...
Essence of Trading: The Three Pillars of Critical Thinking (Part 2)
... continue from part 1 "Real knowledge is to know the extent of one's ignorance" - Confucious Objective Evaluation Is Difficult To observe and collect evidence from something physical is quite different from doing the same on abstract data. P ...
... continue from part 1 "Real knowledge is to know the extent of one's ignorance" - Confucious Objective Evaluation Is Difficult To observe and collect evidence from something physical is quite different from doing the same on abstract data. P ...
Essence of Trading: The Three Pillars of Critical Thinking (Part 3)
... continue from part 2 "Being ignorant is not so much a shame, as being unwilling to learn" - Benjamin Franklin Stop Associating Common Terms With Market Conditions Until You Can Understand What They Really Mean The first most commo ...
... continue from part 2 "Being ignorant is not so much a shame, as being unwilling to learn" - Benjamin Franklin Stop Associating Common Terms With Market Conditions Until You Can Understand What They Really Mean The first most commo ...
Essence of Trading: The Three Pillars of Critical Thinking (Part 4)
... continue from part 3 "The only thing more expensive than education is ignorance" - Benjamin Franklin Self-correction is the most difficult part in critical thinking. We may be very logical in analyzing a situation. We can be very obj ...
... continue from part 3 "The only thing more expensive than education is ignorance" - Benjamin Franklin Self-correction is the most difficult part in critical thinking. We may be very logical in analyzing a situation. We can be very obj ...
Essence of Trading: Trading Is Easier Than Most People Think
We were told, by traders before us, that trading is difficult - difficult to learn, difficult to turn a profit, and difficult to master. Their words, together with almost every book out there written on the subject, have painted a very grime pictur ...
We were told, by traders before us, that trading is difficult - difficult to learn, difficult to turn a profit, and difficult to master. Their words, together with almost every book out there written on the subject, have painted a very grime pictur ...
Essence Of Trading: Why We Love Picking Tops and Bottoms (Part 1)
All common trading techniques with positive expectancies are likely triggered on confirmed basis, meaning that there is no top and bottom picking involved. Yet, almost all traders who learn to trade on their own would do so. This behaviour of picking ...
All common trading techniques with positive expectancies are likely triggered on confirmed basis, meaning that there is no top and bottom picking involved. Yet, almost all traders who learn to trade on their own would do so. This behaviour of picking ...
Essence Of Trading: Why We Love Picking Tops and Bottoms (Part 2)
... continue from part 1 Insecurity Associated With Trading Confirmed Signals When being stopped out, you feel a lot more painful on confirmed signals comparing to taking a relatively smaller loss should your extreme picking not going your way. T ...
... continue from part 1 Insecurity Associated With Trading Confirmed Signals When being stopped out, you feel a lot more painful on confirmed signals comparing to taking a relatively smaller loss should your extreme picking not going your way. T ...
Forex Traders Profitable Rate Much Higher Than Stocks and Commodities Traders
Reports from the US forex brokerages indicate that retail forex traders are quite profitable over the past few quarters. Some firms reported that they have close to 40% of their retail clients being profitable in last quarter 2011. The survival rate ...
Reports from the US forex brokerages indicate that retail forex traders are quite profitable over the past few quarters. Some firms reported that they have close to 40% of their retail clients being profitable in last quarter 2011. The survival rate ...
Having A Trading Edge Is Not Enough
Many aspiring traders who have a scientific or strong common sense background would arrive at the conclusion that if they discover an edge in trading, it is the answer to everything. They think all these psychology stuff on trading are not necessary ...
Many aspiring traders who have a scientific or strong common sense background would arrive at the conclusion that if they discover an edge in trading, it is the answer to everything. They think all these psychology stuff on trading are not necessary ...
How to Shortcut the Emini Trading Learning Curve by 3 Years or More
Many beginner traders asked for shortcuts to get them to profitability. One very interesting common theme among them is the amount of time one can save from the learning process. It is well known that majority of people who try to day trade Emini S&a ...
Many beginner traders asked for shortcuts to get them to profitability. One very interesting common theme among them is the amount of time one can save from the learning process. It is well known that majority of people who try to day trade Emini S&a ...
