Backing the Trader Effectively
Losses are a regular experience for every trader. Without loss and risk there is no chance and no winning.
Losses may trigger or bring up bad emotions. We would avoid evaluating emotions as bad or negative. However, these feelings will influence our strategic decisions and we should rather be calculative, cool minded. An intuition that is flavored with anxiety will not be helpful.
Continue reading ‘How to overcome the negative emotions from trading losses’
Most of us traders had started with losing. We were just not really prepared and underestimated the challenge. Markets are like chaos. Change is sudden and unexpected. We need to come with a good plan.
We have to build on an inner disposition that allows winning. Why would we not? We have been successful in life, we have been making the money to start a trading account. Well, trading markets is a much more demanding task. You have to learn to dance. And you have to decide, you have to be absolutely clear about it: You really want to generate profits!
Continue reading ‘How To Evolve From Losing Trader To Winning Trader’
Personality consists of different traits. There may be different theories of what a personality is made of and different maps of personalities therefore.
Here we want to discuss very fundamental differentiations between people, more fundamental than gender, race, or nationality.
Continue reading ‘Trader Personality Differentiations’
The intuitive trader wants to feel the market’s direction and place positions accordingly. He may sense pretty good. But we know that random entrying is probably as good for the overall result. Entry is not that important. Intuition does not help in calculating position size, asset allocation, money management, portfilio design, and all the things that make a strategy successful.
What about the psychological handicaps we learn about in Behavioral Finance? Intuitive Trading may be the entrance gate to walk into the trap of these inborn strategic miscalculations.
Is automatic, “algorized” trading with mechanic trading programs a way to success?
Continue reading ‘The Trader and His/Her Intuition’
As a daytrader you are doing a demanding job. You need very good self management. You need to take good care of yourself. Only the fittest survive in this tough environment.
Before trading in the morning you need to become aware of what you are doing. Sure, you know how to start the computer and the datafeeds. But are you sure that you and your subconscious mind and your Higher Mind know what is wanted and do they all want the same?
Continue reading ‘Daytrader, Routine and Ritual’
Traders have to decide. Right decisions are made when you are in a good state. Or better: in a state that is generating profits.
We have to manage ourselves so that we are in the best possible state when we do a trading decision.
Continue reading ‘Self Management for the Trader’
When you want to get away from something (some state, some account status), you are bound to that what you do not want anymore. That is extremely significant for the trader to understand.
Continue reading ‘The Trap of Away-from’
We think that we will be able to afford the life of a winner when we start winning with our trading.
In my experience it is the other way around. The traders with a winners lifestyle wins at the markets as well. Most of the others don’t.
Continue reading ‘At Trading: Winners Win’
NLP stands for Neuro Linguistic Programming. It is a kind of coaching approach that seeks to utilize whatsoever works well in very short time. It mainly can be seen as a light version of Ericksonian hypnosis.
OK, it is more than Ericksonian Hypnosis. It can be some kind of Psycho-Cybernetics. We think that NLP needs to adjust to the actual findings in the world of neuro science, semiotics, philosophy, cybernetics, quantum physics, system theory. We tried to do a version of that with our advanced NLP version under the name of “Noëdo”.
Continue reading ‘NLP for Traders’
