موقع التقني

  How we think, feel, and act at one stage of development in our lives is different from how we approach situations later in life.  As a child, I related to my parents as authority figures and (for the most part!) did what they told me.  Later, in young adulthood, I related to my parents as role models and flexibly integrated parts of them into who I was becoming.  Still later, I became a parent myself and could relate to my own parents as peers and as valued family members offering mutual support.  As we grow, our roles evolve . Similarly, there was a time early in adulthood when dating was fun and there were lots of people I wanted to meet.  If a relationship became more serious, I often had to hold myself back and rely on discipline to not go after other possibilities and opportunities.  When I met my wife-to-be, Margie, I recognized early on that there was something special in our relationship.  The idea of possibly losing that or watering it ...

  I recently participated with Mike Bellafiore of SMB Capital in an excellent conference organized by TraderLion .  The topic of our presentation, which you can watch via video , was trader development:  the best ways of improving our performance in financial markets.  Here are a few key ideas that we touched upon in the session: 1)  Your niche in markets has to be discovered - Only by experimenting in different markets, on different time frames, with different sources of information can you figure out what makes sense to you and what you are good at.  In medical school, students rotate through various clinical services, such as internal medicine, surgery, psychiatry, and family medicine, to experience those specialties first hand.  It is only after experiencing all the major areas of medicine that students make a decision about specializing in a particular area during their residency training.  Similarly, if you're learning markets, you want t...

  In the first post of this series , we took a look at how one of the greatest challenges to our trading psychology comes from approaching the process of expertise development the wrong way, unwittingly creating stresses and trauma that impact our subsequent learning and trading.  The second post examined how we often view financial markets incorrectly, looking for our edge in trading without properly recognizing that these edges are continually changing.  Doing the same thing again and again in the name of discipline is a great way of getting run over--and damaging your mindset--when markets shift.   In this post, we will explore how the wrong view of mindset leads traders to trade poorly and ultimately hurt their psychology.  Many traders seek an optimistic and even aggressive mindset in the desire to make meaningful money.  By emphasizing the outcome of trading, they ensure that their mindset will rise and fall with their P/L.  An important pe...