Category Archives: Trading Psychology

The Week Ahead; What’s Missing From This Bull Market?

The stock market spent most of the week consolidating its gains after the sharp rally in reaction to the July jobs report. Thursday's sharply higher close and very positive A/D numbers suggests that stocks are likely ready for another push to the upside as the S&P 500 challenges the 2200 level. The new high in…
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13 Rules For Making Good Trading and Investing Decisions

The following is a portion of Dennis Gartman’s famous list of trading rules. RULE #1: Never, ever, under any circumstance, should one add to a losing position ... not EVER! Averaging down into a losing trade is the only thing that will assuredly take you out of the investment business. This is what took Long…
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How To Stop Taking “Boredom Trades”

by Gary Dayton Traders sit in front of the screen all day watching the markets, and if they don’t see a trade, they may force one just out of boredom. Traders sometimes feel they must be in the market, and it can force them to take trades they shouldn’t be taking. These are boredom trades…
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What I Tell Traders Who Are Always Losing Money

I remember it like it was yesterday. Why? Because it was yesterday. The frustrated trader was about at his wit's end. He had been trading for less than a year and was the typical story - make some, lose some, make a lot, lose a lot, then lose a lot again. He emailed me to…
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How To Trade When You Are Afraid of Losing Money

The setup looks great. Most of your indicators are signalling it is time to enter. Perhaps one or two don't look perfect, but enough things are the chart do that you know it's time to trade. But you just can't seem to pull the trigger. That's what today's special episode is all about. In this…
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The Mental Side of Trading Well

When I first watched this video, I was already thinking about how much of it reminded me about mental preparation in trading. Then my jaw dropped when the psychologist actually said the words, “getting comfortable being uncomfortable.” which is Habit #7 in the 20 Habits of Wealthy Traders, a webinar I'll be doing soon (stay…
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