The Mind of a Trader
MOT #93 - From Good to Great
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- I am confident that each of us has achieved success in certain areas of our life... business, sports, family, health, trading and so many other areas. Once we reach a strong level of success and can clearly see that we are good at what we are doing, don't allow yourself to stop. Don't be afraid to step away from the success of "Good" to strive for "Great". All of us will experience being good at many things, and we...
MOT #92 - Climb The Mountain and Love It
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- We all have situations in life that are challenging. They seem to be so large that they look like a mountain that is insurmountable. At times we might decide that the climb is too difficult for us and we walk away. The world throws that style of defeat at us in so many ways and we need to be aware of it and not allow it to stop us. We will not make it to the top of the mountain the first time every time, but if we...
MOT #91 - What Will You Do At The Fork In The Road?
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- All of us at one time or another have come to a fork in the road. It may be a real fork in the road during a trip. It may be a family decision issue. It may be a major situation within your business. It may happen while you trade. How do you approach it? What do you do? Many times, society places so many concerns and warnings in front of us that we just look at both options and then plan and talk and analyze, but...
MOT #90 - Don't Just Look, Make Sure That You Truly See And Understand
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- Many of us have made trades after a quick look at our charts and later we look back and say "I wish I would have taken a little more time before I did that". In the world around us, everyone is always rushing to do everything especially in making a decision. I understand that sometimes you are forced to make quick decisions, however as a trader, you will regret quick decisions more times that you will congratulate...
MOT #89 - Thinking Can Make Impossible Become Possible
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- I am sure that all of us have seen the statue of The Thinking Man. It is an amazing sculpture that evokes in individuals many different emotions and ideas. As a trader, if we are always worrying about what might happen if we do this or do that and if it is wrong that we will lose money, then we will rarely if ever have a successful session. I submit that if we take time before we begin a trading session to think...
MOT #88 - Enthusiasm Brings About A Triumph
Mind of a Trader has a new home! http://www.tradingmetro.com/mot ------- The greatest victories in life rarely come from those who are sad, pessimistic or lacking enthusiasm. When we approach challenges in any area with enthusiasm, we set a new foundation that starts us off on the right foot. This does not automatically happen. We all need to decide that we are going to start changing the way we begin our trading sessions. Before we jump on our computer and look at our charts and start...
MOT #87 - When You Find The Right Track... Don't Just Get On... Get Going!
Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- If we get on the right track and just sit still, we will get run over. As a trader, each of us needs to continually review our overall plan and ensure that we are staying on track with the market movement. We need to stay in tune with the volatility and adjust our strategy so that we do not get run over. The real struggle begins when we get everything in order, but then do nothing. This might...
MOT #86 - You Need To Learn How To Dance In The Rain
Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- Every trader will experience storms during their trading career. You might have days or even weeks without any storms, but they will come. Violent movements, large losses, markets that react opposite than your strategy tells you will happen and so much more. We cannot keep these situations from happening; however we can make a decision to either wait for the storms to pass or step out and...
MOT #85 - Action Needs To Conquer Caution
Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems. Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities. Every time we begin our trading sessions, we need to communicate to ourselves that we...
MOT #84 - The Old Is Forever New
Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- It does not really matter whether you have just begun your trading career or have been trading for years, at times we need to go back to the basics. The very first group of skills and reasons that brought us into trading can be the very foundations that can lift us to new heights. It does not matter how old an idea is, when it is revisited, it will have a new impact on us, because we now have...