Trading Mindset

  I know one of my key money blocks – it’s complexity. When things get too complicated in my life, it usually means that I am under pressure, and I’ve stopped saying ‘no’. ‘No’ to adding just those extra 5 pages to my trading plan. ‘No’ to learning about...

When it comes to food, drugs, gambling or alcohol, addiction is easy to spot. Maybe! When it comes to trading, there are addictions that may go unnoticed, creating disastrous results. Here are some ways you may be addicted in unhealthy, unproductive and destructive habits. Addicted to Waiting You are...

In my last two articles for Your Trading Edge, we talked about two of the three ingredients of success: Mental States and Mental Strategies. You learned that even a simple strategy like executing a trade could get messed up and was basically psychological in nature. And, you learned that...

Name: Sharon Gleeson Age: 54 Work status: Trade full-time Occupation – or past occupation: Partner in an Accounting Practice and Financial Planner specialising in Self-Managed Superannuation Fund strategic advice City/town or Country you live in: Bendigo What do you trade? ASX Top 200 mainly
Number of years trading: Approximately 4...

Fred has been trading for eleven years. He is technically minded and loves numbers. He analyses patterns, cycles, support and resistance levels, Fibonacci retracements and range extensions.  He trades Australian and American Equities and thoroughly enjoys it. There is only one problem. He is not making money. The trading...

Stupid things people have said to me: “So… you want to be a trader… just as well, you have got a nice husband to support you.” – My Dad over Sunday lunch. “Option trading… that will never work” – My Uncle Then, once my book on options was released...

In my last article for Your Trading Edge, we talked about mental strategies and their importance for accomplishing the tasks for trading success. You learned that even a simple strategy like executing a trade is psychological in nature and can get messed up easily. In this issue, I want...

FoMO, i.e. the fear of missing out, is the most common complaint I hear from struggling traders. They say they feel helpless, at the mercy of their FOMO, unable to control the urges and temptations even though they know it’s detrimental to their trading success. I entered the trading...

When I was in my corporate role, I was 100% sure that hard work was the key. I slugged it out, working 8, then 10, then 12 hour days. I said ‘no’ to friends who wanted to meet me for dinner. Without attention, those relationships began to slink away...