Oil N' Gold - Resources for Serious Traders
Controlling Emotions is Not the Goal of Trading Psychology Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
Pick up a book or magazine article about trading psychology and you're likely to find prescriptions for success based on controlling emotions and increasing discipline.
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Stock Market Psychology: What You See is Not What You Get Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
In my recent post, I showed how unaided perception of the market can be misleading. A market that looks as though it is rising over three different time periods ends up having worse near-term returns than an average market.
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Three Pieces of Trading Wisdom Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
Over the years, I've been the fortunate recipient of much good trading advice and wisdom from those far more experienced in the markets than me. Here are three gems that have stood me in good stead in up markets, down ones, and everything in between:
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Three Pervasive Myths of Trading Psychology Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
My work as a trading psychologist has provided me with a fascinating window on the factors that separate successful from unsuccessful traders across a variety of settings, from proprietary firms to investment banks to hedge funds.
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Letting Profits Run: Becoming Your Own Trading Coach Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
My most recent post emphasized many of the basics that enable people to become their own trading coaches. For this last post in the series, let's apply those basics to one of the most common trading problems that people describe to me: the difficulty of letting profits run.
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How I Trade: Handicapping the Odds of Hitting Pivot Points Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
Pivot points are prices that have been used to identify potential spots of support and resistance. Can we use information generated during the day to help us identify when we're likely to hit pivot points? For this study, I calculated the market pivot as simply the average of the previous day's high, low, and close.
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The Personality of the Trader: How It Affects Performance Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
A recent pilot study addresses the interesting topic of how a trader's personality affects his or her trading performance. The researchers focused on six personality traits and their impact upon trading:
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A Personality Questionnaire for Traders - Parts 1-3 Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
Recent research highlights the role of our emotional experience in our health, well-being, and job performance. The following questionnaire asks you to assess your emotional experience during your trading. Specifically, you'll be rating how often you've experienced the following feelings over the past two weeks.
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How Large An Edge Do You Need For Daytrading? Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
In past posts, I have tried to capture what separates market pros from the less successful traders. I've also stressed the importance of tracking the market pros in short-term trading. There are many factors that contribute to trading success.
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Six Keys to Trading Success: Lessons From a Successful Trader Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
In my last post, I mentioned that a generous blog reader shared his intraday trading approach with me last week. His ideas seemed sound, so I suggested that he contact Henry Carstens, an experienced systems developer. Henry, I told him, could test his trading ideas and perhaps suggest improvements, while avoiding the problem of curve-fitting.
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How You Can Track the Stock Market's Large Traders Print E-mail
Tutorials | Articles | Written by Brett N. Steenbarger |
I have a backlog of emails and comments from the recent poll concerning integrating system and discretionary trading. Many thanks to readers for their interest. I'll look for further comments today and then will summarize them - and my reactions - in a post tomorrow.
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