Trading and Patience: The Conveyor Belt Analogy
For a trader, patience is not just a tool and a necessity. To illustrate this, let’s consider the analogy of a factory worker stationed at a conveyor belt. This worker’s task is simple: lift the boxes off the conveyor belt as they arrive. At all other times, any action is not only unnecessary but also…
Visualizing Success and Failure: A Motivational Exercise
Visualizing Success and Failure: A Motivational Exercise Harnessing the Power of Visualization for Trading Success This exercise utilizes the power of visualization to enhance your trading performance by focusing on both positive and negative trading experiences. By vividly recalling past successes and failures, you can reinforce desired behaviors and prevent repeating costly mistakes. Success and…
What Is a Trade Journal, and How Important Is It?
What Is a Trading Journal, and How Important Is It? A trading journal is a record of your trading activity. Keeping track of your trading activity is the single most important tool to make a dramatic improvement to your trading performance and its why almost all professional traders keep one and why many amateur traders…