The correct mindset in trading is often “the missing link” in order to perform well. To get steady returns you have to focus on the trading mindset just as much as the analysis and strategies. What is the correct mindset…
How is the life of a day trader when you are day trading as a job? Here are some very personal and random thoughts on day trading, originally written many years ago: I love day trading! I have day traded…
What can we learn from the habits of rich and wealthy traders (rich people trading strategies)? In the March 2012 issue of Trader’s Magazine, there is an article on page 6 by Tim Bourquin. He has interviewed many profitable traders….
How to gain a trading edge by knowing yourself is crucial for success in trading. In previous articles, I have written about how to find trading edges in the markets, but in this article, I look at how you can…
Traders might have different personality traits. What is the best personality type for trading? Most traders focus on finding a trading edge in the market by developing good and robust trading strategies. But many neglect one very important factor for…
This article presents a personality test for traders. Brett Steenbarger is a famous trading psychologist who has written the bestseller The Psychology Of Trading. In the book, Steenbarger referred to personality traits that tend to distinguish good from bad traders….
In the financial trading world, FOMO refers to the fear that a trader or investor feels when missing out on a potentially lucrative investment or trading opportunity. A trader’s fear of missing out becomes greater the more the market continues…
How to overcome fear of loss in trading is for many a huge obstacle that is hard to overcome. Fear in moderate doses is healthy, but it might also limit your trading if fear overtakes control of your decisions. Fear…
Are you excited to learn the 15 Key Traits of Successful Traders in Trading Psychology? In this article, we explore the mental framework that empowers you to confront market volatility with confidence. Unpack the traits that forge a winning mindset,…
Loss aversion in trading refers to the tendency of traders to prioritize avoiding losses over acquiring gains. This bias can lead to holding onto losing trades for too long or exiting winning trades prematurely. Understanding loss aversion is crucial for…
