Category Archives for "Trader’s Mindset"

Apr 13

How to increase the odds

Trader's Mindset

I wanted to share a simple idea how to shift the odds of anything you want to accomplish in your favor, like trading successfully, without requiring strong belief. First, simply imagine that there are odds on your probability of success– you can think of them like call options on your trading successfully. The call options […]

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Mar 31

Observations on profits and losses

Trader's Mindset

I note the behaviors over the years that have tended to make me profits and behaviors that have lost me profits. These are the behaviors that have tended to make me profits: Introspecting my internal confidence and carefully weighing it to take my highest confidence ideas. Verbalizing my predictions. Ranking my trade ideas. Honing my […]

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Mar 26

Brief thoughts on better trading

Trader's Mindset

I made a list of my current best insights to improve my trading: Practice discipline in risk management. Know your maximum acceptable risk per trade, per day, per week. Take advantage of external risk control, as well. A broader scope allows capturing more opportunity. However, it is critical to be even more risk astute and […]

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Mar 25

Better trading mindset

Trader's Mindset

The Indian yogi Sadhguru speaks a lot about how we are products of memory. Disregarding beliefs, it is self-evident that we are largely defined by our memories and should make efforts to be more aware of it. Because if we allow memory to overly define us then we could be limiting ourselves. For example, imagine […]

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Mar 22

Don’t Blame the Stop Loss

Trader's Mindset

The E-mini futures are arguably the best products available for trading today. The S&P 500 E-mini ES futures is undoubtedly my favorite trading instrument. However, a single contract is probably too large for a mediocre or average trade and trading several lots demands strict discipline. I think if the S&P 500 E-Micro trades as well […]

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Mar 22

Insights into better trading

Trader's Mindset

One quality that I feel that can make for better discretionary trading is a good read of the market and a good ability to gauge trade quality through confidence, qualitative, and quantitative factors. I find tape reading and quantitative insights to be most useful. But, it is just as important that when one has a […]

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Jan 21

Quick technique for achieving your goals

Trader's Mindset

I wanted to share a quick technique that you can use to better achieve your goals. First, keep in mind the SMART paradigm when defining your goals: Specific, Measurable, Attainable, Relevant, and Time Bound. Second, make a commitment to an accountability partner that you will achieve that goal. Third, define penalties that you will face […]

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Dec 29

One Step A Day

Trader's Mindset

I wanted to share a tip that may help you make progress even if you feel overwhelmed with trying to develop your first or next trading system or methodology. The tip is simply to take one concrete action, one step, each day and every day toward developing your system (or improving your trading process). Read […]

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