I operate my trading business in accordance with my Procedures Manual, which documents the procedural steps I will carry out in order to complete: My pre-session routine My during-session routine My post-session routine My contingency management procedures Let’s discuss my pre-session routine. Feel free to use whatever parts you find useful for documenting your own…
7 Steps to Surviving a Trading Slump “How you think when you lose determines how long it will be until you win.†… Gilbert Keith Chesterton, 1874-1936 As if learning to trade wasn’t already hard enough… If you’ve been in this game more than a few months you would quite likely have experienced…
A common assumption is that a trader needs to be operating with a calm mind and relaxed body in order to trade with maximum focus and ensure peak performance. Generally, I agree with this idea. Relaxation and positive affirmations have been some of the main tools I’ve recommended when asked for assistance with mindset and…
How Can I Get More Discipline? Here is an excerpt from an email I recently received: EMAIL (Excerpt): … one of my biggest hurdles is still discipline. I’m beginning to think I might need some help in this area. Do you know of anyone who has successfully helped people with their discipline? RESPONSE: Poor discipline…
Guest Post by Steve Pavlina, http://www.stevepavlina.com/ Inside your skull is a massive supercomputer. You own it free and clear. With its 100 billion neurons, and with a typical neuron linking to 1000 to 10,000 other neurons, your highly networked brain is incredibly powerful and capable. Pick up a simple object nearby like a pen or a…
Here’s a great question I received recently: Q. What do you do during a session to maintain a positive trading psych mindset? What I do during a session cannot be talked about without also discussing the pre and post-session routines. It’s all a part of one whole approach. I’ve shared an image previously which…
Part of my pre-session routine involves a quick review of my Motivation Journal. The Motivation Journal is simply a folder containing various pieces of text or image material which I find sufficiently motivating; the aim being to ensure I face each trading session with focus and commitment and, most importantly, confidence. The YTC Price…
