Author: Brett Steenbarger

1) We are most likely to behave in inhibited or impulsive ways, violating trading rules and plans, when we perceive events to be threatening;

2) What we perceive to be threatening is a joint function of events themselves and how we think about those events;

3) A key to gaining control over trading and maintaining consistency is to be able to reduce the threat associated with market events and process adverse outcomes in normal,...

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Author: Ken Wolff
Introductory Author: Post by D.B.

Recently, a couple of people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn't make it. This isn't unusual, of course. This profession has a high failure rate. But it frustrated me.

It frustrated me because I could see potential in them. I don't believe you have to be particularly talented or intelligent to be a successful trader, but these people...

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Author: Brett Steenbarger

In my recent post, I outlined how a trader's very achievement motivation can lead to "pressing": trying so hard to make trades happen that trading plans and rules are abandoned. This often happens when traders become frustrated with losses or slow markets and try to make up for the lack of results by sizing positions too aggressively or by taking too many positions. Traders press when they feel pressure, whether for profits, for action, or to achieve...

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Author: Trader VY

The quality of our lives is based upon the quality of questions we ask, as well as the way we speak to ourselves and others. Many people don’t understand the magnitude of the way we voice our opinions. Yes trading can push people to their extreme limits mentally and can cause them to react differently under stressful situations. Have you ever placed a trade which immediately after your entry went against your position. Several traders which would probably use the...

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I have recently taken up the hobby of competitive basketball. I wanted to start from scratch and try excel at the sport. When I was a child and teenager I played all the time in a recreational setting. Any way to get to the point and how it relates to trading. I came across this article I will post from Tom Lynch. Its amazing how much of his writing can be applied to trading. I think this article is better than 95% of all trading books out there. This article and a helluva lot of screen time is...

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