Trading Education

The Human Trading Condition

Just a few moments ago, I hung up the phone after speaking with a client who heads a trading desk at a bank everyone in the world has heard of. It would be easy to think – “well, that guy has it made”. (Government’s intention to break-up banks and stop prop-trading notwithstanding). Yet, he wants […]

A Fallacy in “plan the trade, trade the plan.”

I followed the dictum for years – or at least I followed it as well as I could. “Plan the trade, trade the plan”. But like everyone else I had trouble with the second part and often chastised myself. That was until neuroscience proved that within uncertainty – like when our brains see markets – […]

By |December 3rd, 2012|Learning Psych Cap, Pure Science, Risk Decisions, Trading Education|0 Comments

Trading Truisms that are really “Trading ‘Psychology-isms”

Here’s a few –

Plan the trade, trade the plan.

3 losers in a row and stop for the day.

Make just $500 ($5000, $50,000) every day.

Control your emotions.

Each one of these is really about the mental game of trading. But each and every one reduces your odds of being a successful trader.

1. Markets are uncertain and human […]

By |September 20th, 2012|Learning Psych Cap, Risk Decisions, Trading Education|0 Comments

Dates & Times for Monthly Group Coach – for “Access your Psych Cap” students

This fall we are going to do all of the sessions on Friday afternoons. They will be recorded.

We will be reconstituting the list – drawing everyone who has ever enrolled in “Access”. Expect to hear from us on the 13th of September. If you think your name should be on the list, please feel free […]

By |September 5th, 2012|Learning Psych Cap, Trading Education|0 Comments

Trading w/out Psych Cap LIKE Athlete Playing Injured

Trading is relatively more of a mental game than say football. A couple of football pros I know have been telling me how they work to play without thinking. Clearly one has to think to trade.

But that doesn’t mean trading IS NOT a physical game that demands a plan for physical and emotional energy. Trading […]

By |July 24th, 2012|Learning Psych Cap, Risk Decisions, Trading Education|0 Comments

The Latest Trading Mind Games Workshop ~ Reviews

Just Monday evening we presented our latest interactive workshop to a group sponsored by HindSight Trading. Here is what they thought –

“We are also compiling some great emails with fantastic reviews of the event so please let me know if you have a certain place you’d like us to post them.”

Post away Colin – and […]

By |June 28th, 2012|Learning Psych Cap, Trading Education|4 Comments

Trading Does NOT Have to be THAT Hard

Traditionally brokers and industry lore report that only 5% of independent, single traders make it. I don’t know if that stat is true or not. Recently one of the currency brokers said that 25% of their accounts were profitable.

Here is what I do know – in a nutshell. All of our traditional ideas about […]

By |April 17th, 2012|Learning Psych Cap, Risk Decisions, Trading Education|0 Comments

Trader Diagnosis’ Latest Thoughts

Here are some of the things I’ve been thinking about:

The two areas in trading that separate the men from the boys (so to speak) are:

1.) The ability to divide environmental perceptions in half and process them separately. First I ask myself what I am feeling and in doing so I acknowledge and honor the feelings […]

My Journey to Self-awareness, by JON

I knew I needed emotional help the day I became so angry that I punched my bedroom door, stomped down the stairs, and kicked over a living room end table—shocking my wife and two boys, and, most of all, myself. I’ve always been known as the “laid back, non-emotional German from Minnesota.” I was […]

By |June 7th, 2010|Learning Psych Cap, Trading Education, Worth Reading|1 Comment

High School, College, Grad School Trading

There is this bizarre overlooked contradiction in much of what passes for trading wisdom - or at least smart trading psychology. On one hand, developing a trading strategy/tactics and a plan are OF COURSE the foundation to work on but on the other, the most successful firms ask their traders to spend years learning judgment while the independent/retail world is taught not to think!

By |August 7th, 2009|Markets, Trading Education|0 Comments