Tag Archives for " Trader Conditioning "

Top 4 Mistakes when Trading Chart Patterns #4

Chart patterns are one of the best tools technical traders have for anticipating market sentiment shifts. However, as great as they are, chart patterns are often misunderstood and misinterpreted. Over the past three weeks, we have been sharing the top four mistakes traders make with chart patterns, mistakes which often lead people to think they […]

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Top 4 Mistakes When Trading Chart Patterns #3

One of the big challenges when trading chart patterns is the tendency to have ambiguous rules for what qualifies as a pattern. It would be nice if we could sit here and tell you, “a double top pattern always takes four weeks to develop, it has a 3% retracement between point A and point B, […]

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Top 4 Mistakes When Trading Chart Patterns #2

One of the top mistake traders can make is the failure to wait for confirmation. Waiting for a confirmation is one of the most effective way to increase the consistency and the profitability of trading chart patterns. After all, a chart pattern itself is a setup, and just because something sets up it does not […]

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Top 4 Mistakes When Trading Chart Patterns #1

Chart patterns are a great addition to every trader’s toolbox. They help increase a trader’s insight into trading sentiment and ultimately give indications as to the next likely move. Unlike some of the newer techniques and gimmicks in the world of trading, chart patterns are a time-tested trading technique that has proven to be a […]

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3 Fears in Stock Trading That Can Cost You.

According to new research, there is an excellent possibility that fear, if left unchecked, could be the destructive aspect of your trading. A recent study completed by Boston University and MIT professors labeled emotional responses within traders as “a significant factor” in the outcome of their trade. (1) This should be a wake-up call for […]

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Trader Drift: The Consequences and the Solution

There is a plague that permeates around a big group of traders. It mostly shows up with newer traders and traders who seem not to be able to turn the corner despite multiple efforts or attempts at it. This plague is known as TRADER DRIFT. What is Trader Drift? It is a state or feeling of […]

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3 Quick Ways to Simplify Your Trading

There is a trend with retail traders. See if you can relate.When they begin trading things are ultra-simplistic. They must be! After all, you are just getting started! The result is a lack of success. But would we expect any different? To think an ultra-simplistic beginner would achieve extraordinary results is like believing a baby […]

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The Importance of Setting Stops

Let me share with you a story and ask if it sounds familiar.The Phone CallLiz called me devastated one afternoon. “I think I’ve blown it for good this time. I don’t know what I’m doing. I should just quit trading. I’m destined to be a surgery nurse for the rest of my life.” I asked her […]

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How Do I Pick a Good Stock?

“How do I pick a good stock” is one of the biggest challenges facing beginning traders. It’s a bit of an innocent question, but it’s a revealing question as well! The question is revealing because it reflects the borderline hopelessness that so many traders feel. As a teacher, I’m always looking for the question within the […]

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Trade for a Living

​Trade for a Living​Can you trade for a living? You know there’s a lot of false statics out there. Some people say that only 10% of traders make a profit; some say it’s more like one to two percent. So, what’s the reality? Well here’s the actual numbers from actual audited reports from the Brokers.It […]

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