Posts Tagged ‘Market Psychology’

Olympic Games And Trading

Friday, February 26th, 2010

I was watching the ski jumping at the winter Olympics. The announcer said that it is a simple move. Everyone knows how to do it. The challenge is that the mind is telling them that it is suicide. The winner is the one that trust their own skill more…

He went on to say that the difference between the top athletes is something that does not show up in slow motion. It is between their ears and it is their confidence.

It was repeated over and over again. It is a mental game!

It was not that the athletes had perfect runs. They had made mistakes. The difference was that they did not panic. They did not focus on their mistakes and thus they won their medals….

What does this have to do with trading?

Trading is also a mental game.

When you are cutting your winners short, stop yourself. Notice if you believe in yourself and your strategy. If you do, let your trade run longer.

Also, when you are letting your losers run, it is important to cut them short. It is not about wishing and hoping that it comes back. It is about believing that there are more opportunities to come!

How are you dealing with your state of mind? Are you managing them, or allowing them to dictate your actions?

The Olympians of trading are those who can harness their attitude!

What Differentiates the Top 5% Traders From the Others

Thursday, December 31st, 2009

On this call we cover:

  • What are the 5 differentiator factors of top 5% traders & the other.
  • How to recognize the symptoms
  • Give you steps so you can be on the right track for 2010 and you can have the kind of profits that you want and deserve in your trading.

This text will be replaced

To download the call  Click Here

Kung Fu Panda & Trading

Monday, June 8th, 2009

Have you seen the movie “Kung Fu Panda”? I know it is a cartoon. However, there are lessons that can be learned which apply to trading.

One of the things that happened was that Panda needed to be trained by Master Shifu to defeat a feared warrior. However, Master Shifu was puzzled by Panda. He did not know how to motivate him. He had used all the techniques that he knew which had motivated his previous students. None of them had worked on the Panda.

Finally, he came to understand what kind of leverage he could use on Panda to motivate him and was able to make him a fierce warrior.

What is the lesson? One size does not fit all!!!

If you are following a methodology and it does not work for you, it might not be the right strategy for you.

Find methods and strategies that suit your personality.

Here is to making success your habit….