Trading Psychology Hacks Articles

Trading psychology is the most underrated driver of trader performance and profitability. Trading is considered among the most challenging professions because it demands strong control over your emotions.

Sometimes, even with the best tools and indicators at your disposal, you can’t be profitable in this profession because you haven’t developed the right trader mindset. You can be the most competent discretionary trader in the world or a systematic trader who has created multiple profitable strategies. Still, you are setting yourself up for failure if you can’t control your emotions.

At Enlightened Stock Trading, our goal is not only to transform you into a profitable systematic trader. We also want to help you develop the trader’s mindset.

Do you want to know the difference between mediocre and super-successful traders?

No, it is not the indicators they use, how fast they execute or even the systems they use. You can give the same trading system to two different traders, but their performance can diverge wildly by the time you end your experiment. The trader who focuses on his trading by trading in the zone and developing the right trader’s mindset will always outshine a trader who didn’t work on his psychology.

Our videos on trading psychology are here to help you develop the right trader’s mindset. We at Enlightened stock trading promote systematic trading, an approach that eliminates more than half of the mistakes that discretionary traders make while trading. However, systematic trading alone won’t help you in getting rid of all the emotional mistakes you make while trading.

You can have access to the best trading system, but you can still get tempted to change that system’s pre-decided rules and conditions when markets are not working in your favour. Many successful systematic traders have tried to play with the rules of their systematic strategy during prolonged periods of drawdowns or choppiness in the market, only to realize that they were better off by not changing them and riding the storm with the system unchanged.

In our blog section on trading psychology, you will find videos where we have interviewed market veterans like Brian McAboy and eminent clinical psychologists like Dr. Takanori Endo. You will also find insightful videos about how to conquer your fears when trading and the top psychological mistakes you should avoid while trading.

Lastly, as a consistently profitable trader for over twenty years, I will share a little secret: you can always improve. In my journey as a trader, I faced several hiccups initially. But those hiccups were temporary. It took me time to look for areas where I needed to improve, like my trading approach, how to discern market opportunities and build strategies to exploit them, and how to have the right mindset as a trader. But you don’t need to reinvent the wheel as I did.

You can expedite your learning and become a profitable trader in a short time by going through our videos and content at Enlightened stock trading. You can also get your FREE stock trading resources to learn stock trading & improve your trading fast by clicking here: https://enlightenedstocktrading.com/free-online-stock-trading-courses-training/

Click Here to watch all of my Stock Trading Psychology videos in this special YouTube Playlist and don’t forget to subscribe to the Enlightened Stock Trading YouTube channel to get all of my trading video updates. Click Here to Subscribe C

When Waiting Makes You More Money

When Waiting Makes You More Money

As a trader, the temptation to do something is very high. But there's something to resist because the money is not made by trading, but by sitting and doing nothing. That's important because once you're in a trade, you've got to wait. It's only by waiting until you...

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How thinking like a stock trader can help you in life

How thinking like a stock trader can help you in life

Have you ever considered that being a trader could dramatically help improve your quality of life outside the trading and financial world? In our family, we have implemented a stop-loss. Not in trading. Well, of course, I use the stop-losses in my trading because it's...

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Trading Psychology| 4 Things That Can Happen Trading Stocks

Trading Psychology| 4 Things That Can Happen Trading Stocks

If you are like most traders, you probably look at your account each day and ask one question: “Did I make money today, or did I lose money today?” Unfortunately this (on it’s own) is the wrong question to ask. For this to be useful you need to also ask a second...

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How to get past your fear in trading

How to get past your fear in trading

Fear causes many retail (and professional) traders to second guess themselves, exit trades too early, skip trades they should take.

This happens because none of us want to lose money trading and when the market gets volatile or starts falling it is all too easy for this fear to impact your trading psychology and hurt your trading decisions.

Letting any emotions get in the way of your trading is a mistake and will cause you to lose money trading.

The best solution to eliminate this trading mistake is to have a correctly backtest and profitable trading system that you have 100% confidence in.

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The perfect Trading State of Mind

The perfect Trading State of Mind

Carter Lake in Oregon USA is a seriously breathtaking and serene place. Looking at the lake your mind clears and a sense of calm comes over you… something about the deep blue stillness. This is the state you should be trading from – Complete Calm, no emotion , just stillness of mind.

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The Single Best Cure for Stock Trading Overwhelm

The Single Best Cure for Stock Trading Overwhelm

Momentum is critical to your stock trading success. Not market momentum, personal momentum! The biggest thing I find that slows momentum in traders is overwhelm about all of the ways they could trade the stock market.
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There are countless stock trading indicators, trading strategies, instruments, trading systems to choose from. Unless you get completely clear on your stock trading objectives this can be overwhelming… and trading overwhelm causes inaction which leads to huge opportunity cost and loss of future wealth.

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