Regret is a common emotion in trading, often triggered by the realization of a wrong decision, such as selling too early and missing out on potential gains. This feeling can be particularly intense when traders associate their self-worth and identity with their trading success. When a trade doesn't go as planned, it can feel like a personal failure, leading to heightened emotional responses.
Fearless Trading: How to Confront and Conquer Your Trading Fears
One of the biggest challenges that traders face is the fear of failure and the unknown.
To overcome these fears and increase their chances of success, traders must adopt a proactive approach and develop strategies to face their fears head-on. Here are some actionable tips to help you navigate these challenges.
The Importance of Keeping a Trading Journal for Day Traders
If you want to be successful with day trading, you must understand that it demands a disciplined approach and a commitment to continuous improvement. Through working with traders in a 1-on-1 capacity, I have found that the trading journal is a tool that is often overlooked. Sadly, many developing traders do not understand the value that can be found in simply reviewing their own trades and trading behavior.
10 Ways to Stay More Disciplined In Trading
Normalization of Deviance in Day Trading
The Power of Emotions in Trading: Understanding Regret and Risk
How To Reduce FOMO as A Trader
The fear of missing out (FOMO) is an emotion that often haunts traders, casting a shadow on their progress and overall equity curve. Unrestricted FOMO can cause traders to chase trades, oversize, and revenge trade - All of which do serious damage to trading portfolios. In this article, we present seven concise steps to help you seamlessly transition from the anxiety of FOMO to the joyful state of missing out (JOMO).
3 Pillars of Trading Success
Trading is a journey of mastery, viewed through the multifaceted prism of three overlapping lenses. These lenses are the Technical Lens, the Performance Lens, and the Self Lens. To achieve true mastery in trading, one must skillfully balance and synchronize these three lenses. Let's delve into each of them.
Mastering Trading Challenges: What to Do When Your Strategy Falters
Becoming a consistently profitable trader is a journey fraught with challenges, and at times, even the most seasoned traders find themselves facing setbacks. The allure of quick wins and instant rewards often clashes with the reality of trading – consistency, persistence, and hard work, all without the guarantee of success.