Hidden emotional blocks eventually paralyze even the most successful trader when left untreated. Experienced traders are honest with what’s happening and want to reverse it as fast as possible to avoid any more losses.Learn how.
Written by Robin Dayne, an affiliate of CFRN.net. Burton Schlichter is a partner and featured broker at CFRN.net. Coaching traders just beginning careers to top professional hedge fund traders at companies like Tudor Investment has proven the importance of mindful trading. Successful traders learn early on to manage their emotions giving way to clear and… Read more.
Written by Robin Dayne, and affiliate of CFRN.net. Burton Schlichter is a partner and featured broker at CFRN.net. For the past 26 years I’ve worked as a trader’s coach dealing with every possible trading challenge derived from the business. Everything I’ve learned, seen and experienced personally from the best, confirms, across the board, that emotional… Read more.
New to trading? We’re here to help. The 10 Commandments of Trading Commodities serve as a set of guidelines designed with novice traders in mind to help you become a better, more disciplined trader.
On the rugby field, if a teammate makes an error, such as “losing the ball forward,” we tell him immediately after “bad luck, next job.” It reminds him to clear his mind of the error and to ready himself for the next potential play. By increasing his awareness, he may be in a better position and better focused to make that next play.
The same is true with commodity futures trading. Markets are constantly changing. As a trader, you need a strong foundation to weather the storm.
This article originally appeared in FutureSource’s Fast Break Newsletter, where Craig Turner is a regular contributor on various futures trading topics. For many traders, the Psychology of Trading can be the greatest hurdle they need to overcome in order to be successful. At Daniels Trading, one of our primary goals is to help self-directed online… Read more.