Calm Trader: Win in the Stock Market without Losing Your Mind

The second part of trading in the now is practicing mindfulness with a focus on identifying your feelings, thoughts, and how they can affect your ability to make the right decisions in entries, exits, and position sizing.

Winning trades will do little to test you. When your biggest problem is to let your winner run, take your profits now, or use a trailing stop to lock in profits, you won’t have much to worry about. It’s the losing trades that will test your nerves, confidence, and ability to stay calm in the middle of the market’s price action. The way you handle a

Things to ask yourself: -How do I feel today? Nervous? Excited? -What is my emotion trying to tell me? -What is this emotion based on? -Is it trying to keep me safe from something? What? -Is it a legitimate emotion or based on a false premise? -How would I feel if I decided to ignore this emotion? -How would I feel if I decided not to trade today b

You can get bitter or you can get better. Focus on what you can do to improve your future behavior. Learn where your weaknesses are and work hard to improve them. Stop repeating the same mistakes over and over again. When you learn your weaknesses and dedicate yourself to improvement, you will end the trend of bad trading habits and your better dec

Successful trading comes from the process that you adopt for entries, exits and position sizing. Flow with current price action to capture trends, cut losses, and take trades with great risk/reward ratios.

Exercise: Here is a list of ways that you can avoid experiencing painful losses. Study this list and add your own, personalized methods for staying safe. You need to trade small, meaningful positions. -Don’t fight a trend. -Honor your first stop loss. -Limit your total risk exposure. -Don’t hold and hope, cut and run. -Trade in your comfort zone. -

One of the most powerful things a trader can do to become calm is to limit their losses on a single trade.

10 things that a trader has to overcome to stay calm and be profitable. Impulsiveness-Replace impulsiveness with proven rules that filter emotions into the correct actions. Impatience-Replace market noise and emotions with quantified entries and exits based on signals. Anger-Replace animosity towards the market with respect for price action and emo

Traders are entrepreneurs. They don’t trade for a regular paycheck, but they exchange that uncertainty for the potential of unlimited profits.