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Winning traders aren’t influenced by their emotions. The nature of trading demands an objective, logical approach. If one experiences extreme elation after a win and extreme disappointment after ..

Jack suddenly slammed his mouse against the wall. He was angry. He had been monitoring a trade, ready to take a quick profit, when other traders’ actions impacted the price and unexpectedly thwa ..

The stereotype of the ultimate trader has many of the same traits as Mr Spock on “Star Trek.” Mr Spock looks at events logically and objectively and follows a rational plan when approachin ..

Sam has been monitoring a position for the past week. He bought at $50 and had a target of $52. For the past week, the price moved according to plan. Sam was feeling good about his progress. He had be ..

A big ego reflects an exaggerated view of one’s abilities. We’ve often said in this column that such a mindset can be fatal for trading, where accurate and realistic perceptions of one’s ski ..

Traders are notorious for their overconfidence. They trade beyond their skill level and comfort zone and pay for it. It’s understandable, though. Who doesn’t want to win, and win big? For ..

Overconfidence is a curse for the novice trader. When people first start trading, they want to do nothing more than win. And in their quest for profits, they may take unnecessary chances and pay the p ..

Sam tells his best friend, “I want to be an expert trader. I want to be able to handle anything the markets throw at me.” This is a nice sentiment, wanting to be a trading virtuoso who can ..

How much time do you spend preparing for the trading day? Do you spend hours scouring the markets for a winning trading opportunity? Do you watch hours of commentary or read all the major financial ne ..

At Innerworth, we focus on teaching traders to cultivate their psychological edge. But some have asked us whether or not we have been overstating the importance of psychological issues. They ask, aren ..