When I began to fully understand what neuronal networks are and how they’re formed, my trading improved in a big way. Playbooking and Trade Review are the mental models and frameworks that I used to go from unprofitable to profitable, and then from 5 figures of profitability to well into 6 figures. These are the exact frameworks that I use with 1-on-1 clients (and teach in the OMC) to help them generate consistent profits from trading.
How Long Does it Take to Become a Consistently Profitable Trader?
Daily Trade Review - Why You’re Probably Doing It Wrong
The entire purpose of a daily trade review is to collect behavioral-performance data around specific actions that you complete on a daily basis - These actions may or may not be directly related to trading. This write up should help to provide guidance on how to structure the daily journaling and data collection.
9 Cognitive Biases That Screw Up Your Trading Decisions
Understanding Trader Psychology - 11 Things You Should Know
You can’t control the market but you can control how you react to it. Studying and understanding trading psychology allows you to analyze your own behavioral patterns and make the necessary improvements. A focus on trading psychology, your behavior, and emotion is the ultimate compliment to market research, technical analysis, and tape reading.
The Importance of Self-Awareness for Day Traders
In today’s society where the average attention span is rapidly decreasing, we easily lose the connection to ourselves. The term “self-awareness” has a spiritual feel to it and most people (particularly traders) are going to lose interest in the conversation the moment you bring it up. However, I have never interacted with a successful trader who is not highly self-aware.
