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Apr 18 05:31 GMT

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Trading Psychology Articles

Trading is not about you and the market. It's about you and yourself. We're the biggest enemy of ourselves. Learn from the masters about one of the most important ingredients of successful trading - Psychology. Also, remember to check out the following sections.



Defining A Great Trader Print E-mail
Trading Psychology Articles | Written by TheLFB-Forex.com |
Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from;
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Five Fatal Flaws of Trading Print E-mail
Trading Psychology Articles | Written by Elliott Wave International |
If you've been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to prevent that invisible hand from depleting your trading account funds.
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A Trade or a Gamble? Print E-mail
Trading Psychology Articles | Written by BKTraderFX |
I love to trade a lot - which is of course a euphemistic way of saying I love to gamble. Although I have been to Vegas more than a dozen times I never laid down so much as a dollar bet in any casino. I have absolutely no interest in backjack, craps, slot machines or any other games of chance and I look down with disdain at the excited masses crowding the cavernous Vegas gambling halls. But deep down, if I am honest with myself, I have to admit that whenever I trade a lot I am just as much of a sucker as every hopeless loser that gives up his hard earned money to Steve Wynn or Sheldon Adelson
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Serious Money Print E-mail
Trading Psychology Articles | Written by BKTraderFX |
There is an article in this week's news section which is entitled How to Combat Over Trading. It's an issue that I tackle often in this column because it is probably the greatest source of pain for most traders I know. K and I are often amazed by emails we get from subs who tell us that they have blown up even after BKT has had a huge run of winning trades. The reason clearly is that they over trading their account. Now this particular article tries to fix the problem by talking about the need to "visualize you plan", "talk out your trades" and "keep a running diary". While all those sentiments are noble I am here to tell you that they are all pure bunk.
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"Follow-Through" -- It's Significance for Your Market Position Print E-mail
Trading Psychology Articles | Written by Jim Wyckoff |
Patience is a virtue in most endeavors in life, and it's certainly a valuable asset in futures and stock trading. You will many times hear me use the important term, "follow-through," when I discuss significant market moves such as price breakouts or trend changes.
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How to Handle a Losing Streak Print E-mail
Trading Psychology Articles | Written by Jim Wyckoff |
Don't overtrade. If you are trading several markets and not having any success, cut back to trading one or two markets. You can follow fewer trades more closely and document your success or failures more easily. Plus, your trading account won't be drawn down so quickly.
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Getting What You Really Want Print E-mail
Trading Psychology Articles | Written by Dr. Van K Tharp |
I used to do an exercise in the Peak Performance 101 workshop entitled "Getting What You Want". The exercise starts out with a question: If you could have anything in the universe, what would it be? Perhaps your answer might be $10 million dollars. However, the exercise doesn't end there. It just triggers another question: What would that get you? So to carry our example forward, you'd now ask, "What would the $10 million dollars get you?" Perhaps you might answer, "Security
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Self-Sabotage Revealed Print E-mail
Trading Psychology Articles | Written by Dr. Van K Tharp |
In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks the discipline to act in one's own best interest. For example, when you have dessert, knowing it's taboo because you are trying get healthy, you might call that self-sabotage. Or perhaps you know you need to exercise and you really feel good when you do so, but somehow you just feel lazy and want to skip the exercise period. Self-sabotage occurs in trading in many instances:
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Hank Pruden on "Behavioral Finance" and Technical Analysis Print E-mail
Trading Psychology Articles | Written by Jim Wyckoff |
Hank Pruden
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Make An Honest Self Appraisal Print E-mail
Trading Psychology Articles | Written by Dr. Van K Tharp |
If you are willing to accept total responsibility for your investment results, you will realize that you are the most important factor in your trading or investment success. If you have done that, you are way ahead of the crowd.
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