Mind Matters
The Advantage of an Opinion
Over the last few weeks, I observed a disturbing trend amongst my traders and found that these “troubled” traders had a common problem (even amongst my seasoned and better Scalpers). This is a very familiar problem to which I had a simple solution. It was a psychological problem that was opening up a weakness in [...]
Personality Tips To Improve Your Trades
PERSONALITY TIPS TO IMPROVE YOUR TRADES
Note that the title is not Personal Tips but Personality Tips. This is how you can improve your trades by identifying your personal traits that can either compromise or improve or trading results.
1.    Learn To Save
The simple task of saving can be the difference between why a trader succeeds [...]
Choices
How many times have you heard someone lament about “his lot in life” or that “fate dealt an unfair hand”? How many times have you been guilty of it yourself? How often do you hear about people resigning themselves to their “destiny” of mediocrity and strife? Most commonly, I am sure all of us have [...]
Trade to Trade Well
In an episode of the TV Reality Series, “Fear Factor”, a seemingly dumb-blonde-Barbie-Doll-like babe made it to the last round for a shot at the $50′000 prize. She got there not because she qualified for it. In the first round, a hunk of a guy made a mistake and got the boot and in the [...]
Holding On To A Lost Cause
It boggles my mind how people, like in their personal lives, would hang on to a losing position in spite of knowing the obvious; that it is a lost cause.
Holding a losing position represents;
Procrastination
Denial
Greed
Lack of Self Confidence
False Hope
Fear of the Unknown/Future
The act of taking too long to react to a losing position is translated as [...]
Keep It Simple
I think I’m blessed. Well, if I’m not, then I’d have to be realistic and brag about my ability to pick up a book and soak it up like a sponge. But the truth is, I am eternally grateful to the Man for blessing me with this gift of learning. And not just a gift [...]
Mindset, Skillset & Taking Action
“What makes you different?”
I get asked this a lot. My natural reaction is to ask why it matters. In most cases, people want to know what it takes to make a difference in their lives and to better themselves. This got me thinking about myself and what I have done to [...]
Look for an Excuse Not to Trade
In an earlier chapter, I mentioned the importance of trading defensively. I made comparisons to how we live our lives, always in defense of what we own, possess and love. Lets put this concept under the microscope and take a close look at how we can use this mindset in trading.
As we discover [...]
Making Money or Not Losing It?
The amount of email queries I get on a daily basis can be anything between 10 to 50 on any given day … more on the weekends, naturally. Most of these queries are the usual “how much is the tutorial?”, “is the tutorial applicable for newbies with no experience or financial background?”, “how will [...]
Having and yet not.
There are typically three types of people in any society. This is our so-called human kingdom where the wealthiest survive and the strugglers yearn. Unlike the merciful animal kingdom where the strong survive and the weak become prey and eventually fodder, the human kingdom is an evil place where the strugglers never die but live [...]
