trading psychology

The Offense and Defense of Trading

Trading is hard. This far-flung, never-ending electronic poker game serves up a mental challenge unlike any other. Anything can happen at any time. It looks like a numbers game but it’s really a people game. The data are numbers but the information is in the relationships between, and the implications of, those numbers.

Ambiguity reigns.

Successful traders […]

Recover from a Trading Mistake through Writing

A few weeks ago, I attended the annual meeting of The Social and Affective Neuroscience Society (SANS) – a seemingly unlikely place to figure out how to resolve a trading mistake! Those who follow me know I am not only a closet academic but that many of the advanced trading psychology ideas I teach originate with […]

Gain Market Intuition with NinjaTrader’s Market Replay

Back in the ‘90s in Chicago when I just beginning to trade my mentor would say: “I’ve seen this movie before.” Mistaking the market for a math problem, I really didn’t get what he meant – until indeed I too felt a click of recognition as I watched price action unfold. Experience delivers an ability […]

Uncertainty – Reprinted from Psych Capital Tips and Tricks

Trading psychology advice permeates the world of traders. Yet, the majority of traders still experience a challenge that goes like this: “Why did I do that?” They have a plan, they swear they will not make that mistake again and BAM! they do precisely the thing they did not want to do (and swore they […]

By |June 15th, 2015|Comfort Food, Denise Shull, Risk Decisions, trading psychology|0 Comments

Really Simple Ways to Improve Trading Results

In a culture where it seems like hard work will be an edge, many traders mistake the type of work that will indeed create the best results. Trading is not only an intellectual exercise but a physical and emotional one as well. It follows then that an edge or at a minimum, the approximation of […]

Nailing Better Trade Exits

Do you realize that almost no matter where you exit a trade, you are going to feel bad? If the trade is a winner, you wonder if you could have gotten more out of it or why you gave back part of what you had. It’s like a winner is ironically a no-win situation. On […]

A “Philosophy” of Making Trading Rules

A coaching client in Hong Kong recently wrote this in response to a homework assignment. It is so good, in my opinion, that I want to make it available. Let us know what you think?

FROM: AN

You asked me what would be the smallest number of rules I would need to trade well. I dearly wanted […]

By |April 7th, 2014|Definitions, Risk Decisions, trading psychology|0 Comments

Unnoticed Contexts & Trading Performance

Earlier this week, one of my clients with the title “Head of Equity Trading” wrote exactly this sentence copied and pasted from his email: “i had another one of those traading days where i let my loss just go to its fullest, and had a really bad day.”

SO… how does a trader of that level […]

How Traders can Leverage the New 4 “Basic” Emotions

Did you know that no one knows for sure how many “basic” (irreducible) emotions there are? Many scientists have long believed in six, a new study indicates four and a growing body of work by the teams emerging from Lisa Feldman Barrett’s labs makes a very credible case for only two – approach and avoidance […]

A New Trading Psyche for 2014

What can a trader do (really do) to optimize their mind for trading? Is it “plan the trade, trade the plan”? Is it “control their emotions”? Is it something else?

Here’s what works.

Realize that like professional sports, trading is a performance discipline.
#1 means that the interaction of body, mind and “spirit” IS the place to […]