Hi Trader,
In our last newsletter, I shared with you some aspects of trading psychology and what a ?self-concept? is. I also asked you to explore some of the beliefs you may have in your life and how it can affect different parts of your life and how it could possibly affect your success in [...]

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Hello Trader,
Today?s lesson is both interesting and important in that it will serve as a foundation for future lessons on trading psychology.
One of the most important discoveries of the twentieth century psychology was the discovery of the ?self-concept?. The self-concept is the master program of one?s life. It is the bundle of beliefs [...]

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Hi Trader,
I want to spend some time going over the mental and emotional aspect of trading. Just as money management is an essential factor in trading successfully so is managing your mental outlook and emotions.
For example, in the classic trading book, Market Wizards by Jack Schwager, there is an interview with one of the [...]

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Hello Trader,
Today I want to go into perhaps that most dreaded word to traders and what it is. Its called drawdowns.
Traders hate drawdowns but once you understand what they are and how to deal with them it makes it easier for you to cope with them and work thru them.
Drawdowns effect you account balance [...]

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Hello Trader,
Today, I want to expand the other side of the coin concerning trade management into entries.
While there are several entry methods and systems I want to share with you one of the more aggressive methods yet is also one of the most safest methods for allowing a trader to commit his or her capital [...]

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