Trader Psychology

The Importance of Self-Awareness for Day Traders

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.

You Made A Huge Trading Mistake - Now What?

You Made A Huge Trading Mistake - Now What?

Trader’s make mistakes, and it will happen again. Moving past these mistakes can be challenging, particularly with the commitment bias working against us. How we handle ourselves in these moments is critical to our success as traders.