Comments on: The Need To Be Right – Common Psychological Traps For Stock Traders

By: Louise Yamada Video Dow Jones Industrial First Technical Price Target 6000 Then 4000

Wed, 17 Aug 2011 03:19:11 +0000

[...] need to understand that done properly, this ‘prediction’ thing is not at all about being right. It’s like a road map you look at. If price action supports your analysis, you stick to what [...]

By: Huge Selling Pressure – Will Be Back In July

Huge Selling Pressure – Will Be Back In July — Tue, 07 Jun 2011 00:57:56 +0000

[...] Being right vs. trading successfully [...]

By: SLV Silver ETF vs. SLW Silver Wheaton – Price Divergence

SLV Silver ETF vs. SLW Silver Wheaton – Price Divergence — Thu, 21 Apr 2011 06:07:56 +0000

[...] attentive to price and listening to the message of the market does pays off. Giving in to ‘the urge to be right‘ most often doesn’t [...]

By: Perfectionism And Trading

Perfectionism And Trading — Tue, 25 Jan 2011 02:28:40 +0000

[...] to trading from Tyler Bollhorn of http://www.stockscores.com: Perfectionism: Many traders try very hard to always be right. If the market shows that they are wrong with a loss, they work very hard to turn that loss in to a [...]

By: Ari Kiev – The 10 Cardinal Rules Of Trading

Ari Kiev – The 10 Cardinal Rules Of Trading — Wed, 15 Dec 2010 01:49:19 +0000

[...] surrender to the forces of the game. In order to be able to play at a maximum level, you have to let go of your ego and your need to have things your [...]

By: 5 Emotional Stages Trading Video – Denial Anger Bargaining Depression Acceptance

Mon, 06 Dec 2010 00:45:11 +0000

[...] Acceptance – Graciously accept losses [...]

By: Be Patient With Your Winning Trades

Be Patient With Your Winning Trades — Wed, 01 Dec 2010 00:48:57 +0000

[...] thinking about their biggest winners. They constantly want to take profits because of their need to satisfy their ego and their inability to cope with greed. Their thinking goes like this: “I should take profits [...]

By: Constructive Inner Dialogue For Traders

Constructive Inner Dialogue For Traders — Fri, 19 Nov 2010 01:07:53 +0000

[...] I actively engage in self-conversation in order to constantly remind myself to focus on a sound and emotionally detached approach to trading. It pretty much goes along the lines of one of my favourite trading quotes: Have the courage to say [...]

By: Silver Short Squeeze?

Silver Short Squeeze? — Fri, 05 Nov 2010 00:29:56 +0000

[...] That’s of paramount importance if you plan to stay in the game for a long time. Again, trading is not about being right or being perfect. It all comes down to proper risk [...]

By: Leading Stocks Look Extended Consolidation Likely

Leading Stocks Look Extended Consolidation Likely — Tue, 05 Oct 2010 07:28:36 +0000

[...] before. My number one goal though is to find and stick to entries where I can control my risk. Emotional detachment is key. Typical setups I look for would be breakouts from sound bases with what I deem decent [...]