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Showing posts from October, 2021

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Taking A Break From Blogging And Social Media

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  Thanks for all the interest in TraderFeed, my books , and the Three Minute Trading Coach videos .  There's quite a library of material available there, and a lot more on performance psychology through the Forbes articles  and the spirituality of trading, via the online book Radical Renewal .   I'm working on a big new book project and have decided to focus all my efforts there.  I'll continue to Tweet every so often, but will be taking time off from writing about markets and trading psychology otherwise.   I appreciate all the support and look forward to very interesting markets going forward! Brett

Stages In A Trader's Development

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  A beginning trader starts with eagerness and passion and focuses on winning.  The beginner's great fear is to miss opportunity and so the beginner overtrades and eventually takes significant losses.  Many traders never move beyond this stage. With experience, the beginning trader recognizes that the goal is not simply making money, but making more money on winning trades than losing ones.  Instead of focusing solely on winning, the more experienced trader also focuses on not losing and containing risk.  The goal is thus consistency of trading and profitability and, above all, staying in the game.  This is when the beginning trader becomes a good trader. Now, however, the good trader faces a new stage of development:  growing that consistency of trading.  The good trader grows laterally, expanding their expertise and skills and finding a broader range of opportunity.  The good trader also develops depth in their trading, finding superior wa...