trading states
Trading to Win Vs Trading to Avoid Losing.
Trading to Win Vs Trading to Avoid Losing The search for consistency can be a troubling journey for many traders. When we talk to trading educators, they often express frustration at the variability of the results their students get. The educators have system that they know work because they have been running their systems […]
Your Risk Relationship – The primary cause of trading emotionally
Your Risk Relationship – The primary cause of trading emotionally You may be able to remember when you learnt to ride a bicycle. At first you started off on training wheels getting a feel for your balance in real time and space. You probably started off in a small space, then in a larger space […]
The Market is the People
Trade the people – not the instrument. Often traders and the media talk about the market as if it’s an enormous octopus with a mind of it’s own. They try to come to grips with it like wrestling the octopus, hoping to launch a harpoon and score a hit to it’s vital organs. Often traders […]
Regret – the most common trading emotion.
Regret, the most common trading emotion. At Trading State we know what it is like to trade and we are aware of the common pitfalls that traders face. Traders need to remain calm, confident and disciplined in the face of constant uncertainty. They have a variety of challenges to overcome in dealing with the market. […]
Process Orientation – The Expert Traders edge
Process orientation – the experts edge Many traders starting out, begin with dreams in their eyes of the money they could make and the freedom they could have once their trading dreams become reality. They may have purchased a trading course, or attended a trading course or read a book published by a guru who […]
Hesitation – The enemy of Action
Uncertainty is a certainty in the market. The best laid plan, when met with the reality of the market can result in a losing trade. Once a novice trader has experienced one or more losing trades, something insidious creeps in. They begin to worry about the potential to lose on each trade instead of executing […]
Emotional Attachement to a trade
Emotional Attachment Everyone has favourites and we like the familiar. This can be a wonderful thing when it comes to your favourite wine, or ice cream or restaurant. But this can be a terrible way to trade. Depending on your trading style, you may only be trading one instrument or commodity. However, many traders have […]
Becoming a Super Trader – The coolest guy in the room
Becoming a Super-Trader Being the coolest guy in the room when someone yells fire. In every market downturn a lot of market participants panic and when people panic, logic and reasoning vanish. Traders’ positions go from being in profit to a loss and their dreams of creating wealth from trading evaporate. The faster the market […]
Feedback Loops
Feedback loops It’s a curious thing in the trading world. Many traders seek to start at a high level of expertise without going through the experience curve needed to get there. Trading the market, particularly with high leverage, is like giving a newly licensed driver the keys to a formula 1 racing car. They may […]
The Emotional Stages of a Trade
The emotional stages of a trade. Stage 1 – Commencing a trade. When novice traders place a trade there is often a mix of emotions. Excitement may be experienced about the potential for profit. Fear about the potential for loss. Hesitation is often experienced if the trader is unsure about trade. These things can all […]