Mental training helps individuals to improve their performance by preparing their emotions and mind. Focus, confidence, and motivations are important factors of mental factors. According to a study done at Brown University, it may be possible to train your brain’s automatic emotional responses. It may improve your experience in trading. To be a mentally tough...
Do you feel excited? 😅
This is why. It's all down to the chemical reaction in your brain. Dopamine.
Dopamine is a chemical in the brain that makes us feel good.
Should you be feeling excited when trading?🤔
No.🙈 As this isn't gambling and shouldn't give you the same dopamine rushes like a gambling win does.
What's starts as initial excitement will move to...
In virtually any field of athletics it is advised that you should cross-train in order to both avoid injury and increase performance . For example, Football players are encouraged to take up pilates, yoga, and swimming. Runners can reduce injury and increase performance by incorporating Rollerblading, Barre, and Zumba into their routines.
So what should...
Revenge trading!
It all catches us all out at some point in our trading journey's.
The markets don't care about your loss and neither should you!
Losses are a part of trading and have to be accepted.
No one can be right 100% of the time regardless of method used.
Revenge trading will add to those losses and compound that account draw down even more....
I mentioned it on another day already, but this topic is very important so I decided to share it again to reach as much as possible. Hope it will help some!
The last weeks it happend again, I saw some traders with less knowledge (young and old) who crashed their accounts very hard. They lost a lot of money and for some it was very dreadful!
It is hard to watch...
The O’s in your trading game that have to go are shown drawn on the chart.
The three O’s in the idea can all overlap one another and allowing one to creep in can lead to any of the other also creeping in to your trading.
We have all suffered at some point in our trading journeys of these three phenomena.
All of these O’s can lead to capital being impacted and...
Morning traders.
I started yesterday morning by posting an idea with the phrase below.
'Lets start the morning with everyone's favourite! Gold'
Well I'm kinda doing the same again this morning but this time it so we can all have some more food for thought at the breakfast table instead!
Now here me out, I have drawn the two graphs in this mornings idea on...
Anything can happen
You don't need to know what is going to happen next in order to make money
There is a random distribution between wins and losses for an y edge
An edge is an indication of a higher probability of one thing happening over another
Every moment in the market is unique
