psychology
Like playing rock guitar – Cesar Huesca
This could well be about playing piano or any other musical instrument. Trading is about developing a passion, persistence, pressing forward, practicing, making mistakes, living your dream. The same goes for those who excel and music. I only came across Cesar Huesca by accident on YouTube. Other than that, IRead More
Automaticity
It’s an interesting word but not many know it’s full meaning. It isn’t about becoming an automaton. The Wikepedia definition of automaticity is, “The ability to do things without occupying the mind with the low-level details required, allowing it to become an automatic response pattern or habit. It is usuallyRead More
Confronting negativity
Negative things are often avoided by lots of people. Everybody likes a nice positive story. But it’s strange though, how bad news sells more than good news. Talk to the media houses. So at least people say to themselves and others that they don’t like negative stuff, but they’re allRead More
Who the devil is Dan Zanger – and why should anybody care?
It’s an unusual name, was my first thought. There’s so much that’s going on in the world, it’s natural to think, “Never heard of him! Yet another guru?”. In fact there is only a small handful of photos of Zanger available on the internet. He’s little known outside of tradingRead More
Desirable core psychological characteristics for traders
The following is my reflection on the characteristics of successful traders. I do not go into long explanations on each of these. Some of these overlap each other: Toughness and resilience – taking the hard knocks, not being crushed by failure, rising again, facing reality. Determination – a refusal toRead More
My personal mantra
The following is my personal mantra. It lives on my desktop. It is updated on my desktop as necessary. Others may modify to suit their individual needs, as this is not prescriptive. READ AND REPEAT THIS A FEW TIMES PER WEEK. Whilst all of the following may seem very simple andRead More
Grasping the basics
Many new traders will find the whole business of ‘understanding’ what’s going on to be mind-boggling. After all there is so much new terminology and concepts to put together. Charts often appear to be confused and even video materials seem so filled with jargon. All this could be real deterrent toRead More
DEMOPHOBIA
Cutting to the chase quickly, this is about fear of demos. What’s a demo? A demo is a demonstration item, appliance, facility or whatever – it doesn’t really matter. Yes I know ‘demophobia’ has another formal meaning. I’m using here to refer to demo accounts only as defined in theRead More
Honing my strategies [ER strategy updated]
It’s taking some time but I’m observing what I do and what I ought to do be doing more. Strategies are things in evolution. I’m still preoccupied with Earnings Releases (ER) because it is one time when share price can jump even when Wall Street or the DAX (GER30) areRead More
Winning more on demos?
There’s a curious situation that can arise where, you begin winning more on demo accounts than on live accounts, and it has been bugging me. The screenshot below is from my demo account and it should be obvious why this is bugging me. BTW I’m not just talking about theRead More