The Inevitability of Emotional Trading As traders, we often discuss the need emotional trading – and we all want to act like we are emotionless in our trading decisions. However, this is frankly impossible. Emotions are as inherent to humans as stripes are to zebras. We must acknowledge this fact, especially in trading where emotions
The stock market is trading in a period of incredible low volume, yet it is trading at all time highs. There's not a lot of conviction being shown at the moment to drive prices much higher, but there isn't any reason (yet) to drive it lower either. In this podcast episode I talk about the
On social media, and in particular, financial Twitter and StockTwits, people show how much emotion they carry into their trading. This is dangerous for your trading, and often times leads to horrible decisions about buying and selling a stock, because it is our emotions guiding our trading rather than clear concise decision making based on
There are times when you simply shouldn't be trading at all. What are those times and why are they so bad for your stock trading as a whole. In this podcast episode I talk about my experiences in swing-trading and day-trading and why you should avoid the stock market entirely when you are not your
We all know about greed and fear as primary emotions that affect us in our trading decisions, but what about HOPE? Isn't hope a good thing? In life, yes, but in the stock market, absolutely not! Hope will increase our losses and cause us to make the worst of decisions. Simply put there is no
This is by far one of the most difficult topics of trading stocks: Managing your emotions. I realize, as traders, we all have emotions that can affect are ability to trade, but it is how we deal with those emotions (i.e. Fear, Greed, Anxiety, Ego) that allows us to overcome them and become profitable traders.
How to avoid a large drawdown in your trading account This is the kind of post that no one ever wants to utilize or need, because it will mean that they are either in a trading slump where most of their trades are going against them, or worse, they are capitulating their own portfolio with
Do Emotions Help Traders? A Surprising Perspective In the world of stock market trading, conventional wisdom often suggests that emotions are a trader’s worst enemy. But do emotions help trader’s success, or do they hinder a trader as tradition would have us believe? My goal with this article is to challenge the popular notion
Any time you are trading on a roll, it is easy to start watching the dollars in the account. For example, today, I bought into Amazon (AMZN) at $581, it is now at $594. I bought Netflix (NFLX) yesterday at $100.24 and now it is at $104. Not to mention Mead Johnson Nutrition Company (MJN)