Conviction, Anxiety and Belief

I mean we also hear "believe in yourself" but where do these advisories leave you when a trading idea is going wrong? How do you handle the teeter totter that holds belief and conviction on one side and price and risk management on the other? What fulcrum can you depend on?

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Another one-year later post – with a twist

A year ago tonight I was merrily watching my Cleveland Browns actually win while on a Jet Blue flight to the CME's Inaugural Global Financial Leadership conference when my first cell beep on landing was Bill Long calling to say LEH was BK and ML was BAC. 365 days after…

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Morgan Stanley, Tom Watson and Recovery

Today's neuroscience proves that the residual feelings resulting form one event can completely color your beliefs about the next event. It also proves you can't act - or even make a decision - without emotional inputs. Therefore, managing those inputs - in the way that works - is a singularly profitable (and winning) endeavor.

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Irritation, Annoyance, Frustration or Fury

Sooner or later, it is bound to happen. The markets conspire to converge in a way that fits your optimal trading strategy. You see it, you know it and then at the same moment, the phone rings, or the boss yells or the ..... Something happens that interrupts your ability…

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Trader W Strikes Again!

Reading your work, applying it, monitoring myself, writing down my feelings, is really paying off. I am trading less, and making more money. This week and last week have been incredible.

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