Trading Psychology

Underperformance and Your Beliefs

Jun 20th, 2016 | By | Category: General Comments, market structure, Trading Conversations, Trading Psychology
We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, and I wanted to share it with you here today. The thought is that not all trading sessions provide equal opportunity. That may sound obvious to you at first, but do you really live by that belief? Do you know what types of environments you outperform in? Do you Read more [...]


New Visualization Exercises To Boost Your Investing and Trading

Nov 1st, 2015 | By | Category: Bruce Bower, General Comments, Trader Development, Trading Psychology
  Visualization and mental practice are tools that can take you to the next level of performance in your trading and investing. These tools can have a transformational impact on your mental game, helping you to execute better in every facet of your investing and trading. In fact, they are so important that I have compiled a resource page on the SMB website and even written about them extensively in my book, Peak Performance Trading and Investing. I use these tools frequently and am the biggest proponent of them. Now, I wanted to share with you some new visualization tools that I have been developing and refining. These Read more [...]


Inside The Trading Vault – a look at GPRO and KO

Sep 14th, 2015 | By | Category: General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology
Trading Vault Concept - "When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way - and what it means to them when support and resistance levels are made and broken" Many of us are up and coming traders who have consistent issues with the 'WHY' to enter a trade.  Meaning, we don't have a hard lock on when to get into a trade- probably because we have some kind of deep seated feeling like it is a gambling event.  So we tend to roll dice. Those managing large amounts of money or very large portfolios do not move without proper reasoning- and lots of it.  Not saying that the reasoning Read more [...]


Making Your Visualizations Better

Aug 23rd, 2015 | By | Category: Bruce Bower, Trader Development, Trading Lesson, Trading Psychology
Making Your Visualzations Better Read more [...]


The Fourth Week of More Mindful Trading

Jul 5th, 2015 | By | Category: Bruce Bower, General Comments, Trading Lesson, Trading Psychology
  In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The earlier posts in the series can be found here:   Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading The Third Week of More Mindful Trading   To bring new readers up to speed, here is a brief refresher on mindfulness. The topic is all the rage right now because people want to take back control of their attention span and to beat back the numerous distractions that afflict us in everyday life. Mindfulness is about learning to control your attention and your focus, so that Read more [...]


Mindset Hacks: Adopt the Mindset of a Champion

Jun 2nd, 2015 | By | Category: Bruce Bower, Trading Lesson, Trading Psychology
This is the final blog post in a 3 part series from Bruce Bower on Peak Performance. Part 1 was on consistency and Part 2 was on making better decisions. When we did a survey of the top three topics that people wanted covered, I was surprised by the third place winner: “Mindset Hacks: Adopt the Mindset of a Champion”’. On the other hand, I was pleased. Possessing the right mindset is one of the best things that we can learn from peak performers in a variety of fields. They become champions precisely because they have the right mindset. What exactly is the mindset of a peak performer or a champion? And how do we adopt Read more [...]


Consistency Is Not A Game of Perfect

May 29th, 2015 | By | Category: Bruce Bower, Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson, Trading Psychology
By Bruce Bower We asked and you chose. The people have spoken. We asked the SMB community which topics they wanted to learn more about it in the upcoming “Peak Performance Trading and Investing” video course.  Out of a list of ten topics, by far the most popular was “How to Be More Consistent”. This is one of the most challenging and yet important topics for beginners and pros alike. At every stage of their journey in the markets, people want to be more consistent. They ask about it constantly. They want more consistent results—smooth and steady profits. They want to be more consistent in their emotional states. Read more [...]


The Education of a Trader: Trading on Tilt

Apr 23rd, 2015 | By | Category: General Comments, Trader Development, Trading Psychology
Our friends at Tradeciety.com asked: How do you deal with emotions in your daily trading? What are your tips and suggestions that help you avoid, if possible, making emotional and psychologically caused trading mistakes. @MikeBellafiore Trading on tilt is the 800 pound gorilla on every trading station.  On our desk today there were a few desk slams in this $FB, Facebook, as it changed direction as fast and frequently as an NFL running back. Managing your emotions as a trader is well.....manageable. In this video, I outline ways to help manage your emotions: Taking notes actively while trading in a journal Focusing Read more [...]