Posts Tagged trading psychology
I have been thinking about trading and athletes. The best in both fields have trained themselves to the highest standards... with athletes, this obviously means regularly training intervals and lots of lots of repetition through working their bodies through motions to help their mind and body connect.
Trading is the same.. you need to have experienced and trained yourself. I mention training oneself since I am a self taught trader, I am not an institutional trader.
This means that when I'm
January 15, 2010
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Sorry I haven't been updating the blog for a while but everything has been really hectic! I am getting married very soon and have a lot of wedding preparations. In addition, work has taken over the rest of my waking time. I was doing extremely well trading the Forex markets and then, a glut... my trades were rubbish and I was losing money. From a 11 trade winning streak to a good run of losses... what was going on?
I search high and low for an answer, I look at myself to see what was going on
July 27, 2009
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The chart shows what happened after I closed. The price action looped ripe for another entry short to ride the market lower but I felt anxious....
I am just not sure what it is but my instinct tells me to be careful... I attribute it to a couple of things, all trading psychology related:
The possibility of losing my 47 pips that I have already made.. it's always nice to finish the week a winner!
The re-entry looks too obvious a trade... a bear trap perhaps?
Maybe I am thinking to
June 12, 2009
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