Mandi
Author's posts
Dec 29
Procrastination and trading
Don’t overthink your losses. There is one correlation that seems to be a common trait with most successful traders: the less a trader thinks, the more profitable they are. What I found with struggling traders is that, when a trader is in a loss position they start arguing with themselves that they should get out, …
Dec 28
How to Stop That Little Voice Arguing
I once had a long conversation with a professional athlete on what makes him so successful. We also spoke about how he manages to get out of bed at 4.30 am every morning. And he told me that he just doesn’t get into arguments with himself in his head. He just doesn’t go there. As …
Dec 27
Be Kind, Say Thank You ..
No wonder it is so hard for most traders to take losses. Look at how they treat themselves afterwards! What do most traders do? They make themselves wrong for not getting out earlier, for not following their rules, they put themselves down that they don’t have what it takes etc etc etc. I am sure most …
Dec 07
Jesse Livermore on Emotional Control
Later in his life he (Jesse Livermore) was asked an important question by his sons, Paul and Jesse, Jr.: “Dad, why are you so good in the market and other people lose all their money?” He said, “Well, boys, I have also lost money, but each time I lost, I tried to learn why I …
Nov 26
How to chase blowout trades away
Hello Traders, This video clip is from a documentary Redesign my Brain by Todd Sampson, it so perfectly describes what the difference is between traders who don’t deal with their losses and traders who tackle losing trades head on. It shows like in trading, the more you are afraid of the pain and you run …
