For the most part, it goes without saying that having a strong belief in your abilities, such as they are, is a very important cog in accomplishing anything of value; not the least of which is trading. Of course, in the service of accuracy it must be said here that having belief without skill, knowledge or relevant resources is like believing that you
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This piece will look at how to set trading goals. One of the things that I do to reduce and manage stress is to exercise about 5 to 6 times per week. It not only lowers stress and promotes the release of endorphins that help me to feel good, it also supports clear thinking and optimal health, both of which indirectly support trading.
Do you trade by design or default? This the question that this article will try to answer. “What’s going on here?” Sheila all but shouted silently in her head. Her plan was to use the Keltner Channel to signal a price break-out on the NQ E-mini, in tandem with the price action hitting the Demand Zone at the lower end of the channel.
In this article, we will looking at the 4 keys to your trading kingdom. They are major components to getting the trading results you want. Let’s list them briefly: 1. Visualization Goals are extremely important as you begin trading, and goals are designed to help you objectify and prioritize your steps to become a consistently successful trader. However, the precursor to setting those
You are at your trading platform and as a trader you have visualized the trade over and over. You saw yourself sitting in front of your computer screen, cool, calm and collected. Your back is straight, your brow smooth, and your heart is beating evenly as you simply hold the mouse without squeezing it with dry palms. Now, notice that you are saying
What Is A Trader’s Mindset? When a new trader places a trade, they invariably believe it will be a winning trade. If the trade is a winner the trader will experience positive emotions (happiness, euphoria and sometimes even a feeling of invincibility). If on the other hand, the trade is a losing trade, that trader experiences a number of negative emotions, disappointment, anger
While there are three parts to every trade, the greedy trader pretends not to know. The three part parts are the stop loss, the entry, and the profit target. You should know all three parts of the trade in advance be placing the actual trade. This helps to keep us from emotional trading. This often happens when the price action is moving fast.
It’s time to get out of the comfort zone. The normal human being is always moved to seek pleasure and avoid pain. We sought the pleasure associated with different things right from when we little. Thing like eating, playing, touching, pounding, grabbing, standing, running. These may seem inconsequential to an adult, but remain in the pleasure zone for little ones. Of course, pleasure