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Wednesday, July 30, 2008

About Day Trading: Master Trading Psychology Instantly

About.com    Day Trading
In the Spotlight | More Topics |
  from Adam Milton
This week's day trading newsletter discusses the hardest part of being a profitable trader, namely trading psychology, and offers a solution that could make you a better trader by tomorrow. The newsletter includes: - my suggestions for mastering trading psychology using visible trading, - the announcement of my upcoming trading seminar, - a discussion of news, and how it should be ignored, - and the weekly economic calendar with volatility expectations. Good trading everyone :-)

 
In the Spotlight
Master Trading Psychology Instantly
Unless you have a completely automated trading system, there is going to be a human involved in your trading decisions (most likely yourself), and whenever a human is making trading decisions, their emotions are going to play a part in the decision making process. This cannot be said enough, so I will say it again. As a human trader, your emotions will negatively affect your trading, whether you think so or not. If you don't believe me, you should stop reading and close your trading account, before you give all of your money to a trader that does believe me. If you do believe me, there is a way that you can master trading psychology very quickly if not instantly, without any psychology courses or self help books ... find out how to improve your trading

 
           More Topics
Two Days In Paris
As I mentioned in the article about choosing a day trading seminar, I believe that seminars are one of the best methods for learning about day trading (as long as they meet the criteria mentioned in the article). As a result, I occasionally give a day trading seminar myself, that is specifically for new and potential traders that want to learn how to start trading profitably. I am often asked when my next trading seminar will be held, so I have scheduled this year's seminar for August 23rd and 24th in Paris, France ... find out about the seminar

 
Good News, Bad News, What News?
There has been a lot of economic news recently (bank collapses, US dollar declines, etc.), so it is a good time to remind new traders (and many experienced traders) why they shouldn't be paying any attention to the news ... find out why news should be ignored

 
 
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