Trading Emotions: Part 2 – 5 Simple Control Mechanisms

This is Part 2 of a 2 part series to “Control Your Emotions”. Please click here to see Part 1 of the series. As mentioned in part 1, traders need to take control of their own Emotions. For some of you, this seems like an impossible task, especially if you’re a very emotional person. Hence, do not…

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Trading Emotions: Part 1 – Take Control of Your Emotions or It might Control You

This is Part 1 of a 2 part series to “Control Your Emotions”. Take Control of Your Emotions or It might Control You That’s right. Emotions are one of the Biggest Threat to many novice traders. When you get emotional, the chances are, EMOTIONS COULD TAKE CONTROL OF YOUR DECISIONS. If you disagree, then ask…

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Why are you Trading?

I recently met up with an old buddy over coffee to catch up with old times. He is also a trader but he is an institutional trader who is currently on a career break. In the midst of our discussion, he asked me, “What are you trying to achieve?” We chatted for a bit but…

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Exit Management Conquers Randomness

The Financial Market is a Random and unpredictable place filled up with lots of surprises. Some are good surprises and some are less great. Yet, many Novice Traders constantly like to “Think” that they know the market and they trade it with high expectations that it’ll head in their direction. Ha… Guess what happens to…

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Face Your Emotions Early and You’ll Gain More From It

Not too long ago, I made an amateurish trading mistake (Yes, I’m a human being too and I do make mistakes). Unfortunately for me, the trade got stopped out and my losses were much more significant than my normal trades. Long story short, the incident was damaging both for my financial account as well as…

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21 Ways Rich People Think Differently

1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil. 2. Average people think selfishness is a vice. Rich people think selfishness is a virtue. 3. Average people have a lottery mentality. Rich people have an action mentality. 4. Average people think the road…

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5 Important Ingredients required for an Effective Trading Plan: Part 5 – Final

This is Part 5 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 3 – #2 Motivator Part 4 –…

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5 Important Ingredients required for an Effective Trading Plan: Part 4 – Routine

This is Part 4 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 3 – #2 Motivator Part 5 –…

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5 Important Ingredients required for an Effective Trading Plan: Part 3 – Motivator

This is Part 3 of a Special 5 Part series on how to write an effective trading plan. If you haven’t done so, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 2 – #1 Know Thyself Part 4 – #3 Routine Part…

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5 Important Ingredients required for an Effective Trading Plan: Part 2 – Know Thyself

This is Part 2 of a Special 5 Part series on how to write an effective trading plan. Before you start, please go through the Glossary at the bottom of the page. For related articles, please see: Part 1 – Introduction Part 3 – #2 Motivator Part 4 – #3 Routine Part 5 – #4 System…

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