Category Archives: Trading Psychology

Dreaming

I have been pondering the psychological utility of things such as playing the lottery. I fully accept that the odds against winning are astronomical and are as follows –   Tattslotto      1 in 8,145,060 Oz Lotto         1 in 45,379,620 Powerball       1 in 54,979,155 Now balance these…

30 Dr Suess Quotes To Live By

The Mindset Of The Profitable Trader

Well, we are now some three weeks into the lastest mentor program and it is interesting to see the shift in the thinking of some of the participants. I have to admit it is always intriguing to see the ideas that new traders seem to have picked up along the way and often how tenaciously…

The Top Five Regrets Of The Dying

There was no mention of more sex or bungee jumps. A palliative nurse who has counselled the dying in their last days has revealed the most common regrets we have at the end of our lives. And among the top, from men in particular, is ‘I wish I hadn’t worked so hard’. More from the…

So You Want To Be A Trader

The typical evolution of a trader goes something like this. You have read a few magazines  perhaps bought a few shares you may even have seen Wall Street on video. You go to bed Sunday night, wake up Monday morning and decide that you are a stock market trader. Not too implausible you think, after…

Persistence

Our current mentor program is one week as of today and before the program began we had a number of people literally begging us to let them in early so they wouldn’t miss out on a place when bookings opened. Here is the interesting thing – the people we have had ask for a refund…

You Think Your Day Is Hard

This is one of those brilliant sports doco’s that only the Yanks seemed to do.

Gilligan

I recently notice some rubbish in my spam folder that purported to link the Mayan calendar and the current state of the market. Apparently since the Mayan calendar runs out in 2012 we should prepare for the mother of all crashes. And dont get me started on the Elliot Wave theorists who still seem to…

Where Does Success Come From?

Before you run off thinking that this is going to be some sort of Anthony Robbins new age touchy, feely  motivational posting….think again. Let me state at the outset I think motivation is bullshit. To my mind you cannot motivate anyone to do anything unless you have a taser handy. Even then you might have…