Observations of a Noobie Trader for Other Noobie Traders

[Observations of a Noobie Trader for Other Noobie Traders]

3. pratice pratice pratice even when I know what im going to do (or more importantly not do) I do it wrong in the heat of the trade.

 

Practice makes it perfect. Well not quite perfect but close to it. I as well think practice is extremely important as long as you learn something from it and it doesn't come as an automatic response.

[Your Mama Doesn't Trade ... So Wise Up to Yourself!]

Keagan, a research psychologist from Havard, did a study to determine the most effective form of therapy (modalities). What he discovered was that the modality was not the determining factor in different therapuetic positions. Rather it was the empathy that the therapist had toward the client was what produced change. This is what I call compassion. Unless compassion is the creator of the state of mind, the old self limiting pattern may go into remission, but will reappear as new pattern substitutions become degraded over time. And the client who is doing the changing has to remain rigorous with his new beliefs.

 

Of course, you can stay in the belief pattern of holding that self development of the mind is ineffective -- and certainly you will find all the evidence in the world to continue believing and living in that reality. The truth is in the eye of the beholder. Change is also.

 

Rande Howell

 

Great post and I totally agree with you. Compassion is the best way to alter one's state of mind toward the better. Reality often kicks in the wrong gear and we all need to feel like we need to share our downs with someone, which is the basic role of compassion.

[The 11 Most Common Mistakes of a Trader Are...]

I think patience should come on top. It's the first thing you must equip yourself with.

[What Psychologists ?]

People's mind must be set to trading and people who consider themselves as traders must have a steady paced mind and find ways to calm themselves down in various situations.

 

"I know how to trade, but my emotions get in the way."

 

A good trader will always have emotions standing in the way but a great trades knows how to use those emotions in his or her favor.

[Fear Vs. Uncertainty in Trading]

Uncertainty goes hand in hand with motivation and it is the level of motivation that represents the "trade drive". If a trader is uncertain than his abilities look uncertain. Facial expressions and hand gestures are the most common indicators which show uncertainty.

[Trading on the Weekends]

You can use e-bay like MightyMouse recommended but you can also figure out what your hobbies are and how you can use them in trading.

[Technical Analysis for Beginners!]

Great chart for showing Support/Resistance.

[How Many Stocks Should I Be Looking at]

I believe 5 stocks are enough for a day but it depends much on how much earnings you seek to obtain.

[Who is Behind the Screen?]

Well the FX market is a great choice as long as you opt for currency and not physical assets. The FX is the leader hands down.

[38 Steps to Becoming a Trader]

When I read those 38 cool steps to trading they remind me of a good book written by Alexander Elder, Study Guide for Come Into My Trading Room if my memory serves me well. From what I've read, methodology is regarded as a better virtue than patience.