Table of contents What Is FOMO in Trading? Tip #1: Stick to Your Strategy Build a Pre-Market Routine Tip #2: Set a Max Daily Loss Limit Avoid the Spiral of Revenge Trades Tip #3: Build Emotional Awareness Pause and Reflect Before You Re-Enter Bonus: Watch and Learn, but Don’t Copy Final Thoughts: Don’t Let FOMO […]
Table of Contents Why Losses Hurt More Than They Should The Emotional Instinct to “Fix It” The Trap of Revenge Trading The Cycle That Keeps Getting Worse Spotting the Emotional Spiral Early My Big Loss Recovery Plan (BLRP) Step 1: I stop trading. Step 2: I accept reality. Step 3: I bring back structure. Step […]
For decades new studies have repeatedly shown that traders cut their winning trades too early and hold on to their trading losses for far too long. The reasons for this behavior can be found in our evolutionary biology. Behavioral economics and cognitive psychology have demonstrated profound biases in how humans treat gains and losses, and […]
Did you know that a vast majority of members belonging to the Forbes 400 list of wealthiest people in the world have increased their wealth by investing stocks? According to history, trading or investing in stocks is one of the best ways to build wealth over an extended period. What you should know is that […]
For most people, financial freedom is a vague goal or destination. They may not know exactly what financial freedom means to them, they just know that it is some place they would rather be. But what does financial freedom really mean and how do you achieve it? What is Financial Freedom? Financial freedom is the […]
Day trading is a lucrative game, but also a very risky one. As a trader, you get to buy and sell financial instruments within a day. Traders have the option of entering and exiting a trade multiple times within a single day. To profit, day traders use proven trading strategies in order to take advantage […]
3 Top Tips For Reviewing Your Trade Results For those of you who want to bring your trading to its full potential, there are a few things that you should know about how to review your trade results. One of the most important is that those traders who tend to be the most successful use […]
Multi-Monitor Day Trading Computer Work Station I use to run my work station with 3 Lenovo Gaming Laptops, but I’ve recently made the change to Falcon computers. I’ve been really happy with my Lenovo’s but I was due for an update. I use a separate computer for my trading so the keyboard is always […]
