Trading Psychology Articles

 

The Essentials of Winning Psychology - by Ray Barros
All types of traders can make money as long as they conform to the rules of that stage. e.g. a trader at the Rule Based Stage is more than likely to lose money in the long run if he breaks his rules. Finally, before I begin I should like to briefly explore what I consider the necessary empowering motivation to succeed.

 

Aiming for the Right Target in Trading - by Walter T. Downs
When trading goes right, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a matter of minutes. This pattern repeats itself as each new generation of traders hit the market. They hurl themselves out of the night like insane insects against some sort of karmic bug-light; all thought and all existence extinguished in one final cosmic "zzzzzzt". Obviously, for a trader to be successful he must acknowledge this pattern and then break it. This can be accomplished by asking the right questions and finding the correct answers by rational observation and logical conclusion.

 

Learning to Trade: The Psychology of Expertise - by Brett N. Steenbarger
When people hear that I am an active trader and a professional psychologist, they naturally want to hear about techniques for mastering emotions in trading. That is an important topic to be sure, and later in this article I will even have a few things to say about it. But there is much more to psychology and trading than "trading psychology", and that is the ground I hope to cover here. Specifically, I would like to address a surprisingly neglected question: How does one gain expertise as a trader?

 

Discretionary Traders - Don't Talk About Your Open Positions - by Chuck LeBeau
In browsing around the web I often encounter discussions of the merits of a particular trade and opinions about the direction of a market. I know that the traders who voice these opinions have good intentions and much of the discussions could be helpful to the person receiving the information. However the provider of the opinion must be very careful that he doesn't start believing too strongly in his position because he has made the mistake of going public with it.

 

Jim Wyckoff Asks, "Do You Wanna Fight?" - by Jim Wyckoff
That's when I decided to put away the "Glance" feature and instead write about the perils of "fighting the tape" (trend) in markets. Think about it: Do traders really want to fight the market? Remember, only the markets are ALWAYS right. No one else.