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
A HUGE trading mistake that many traders make is not following their trading rules consistently. This will sabotage your long term success and prevent you from achieving your stock trading goals.
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.
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.
If you have done this 1 thing then you have approached your trading backwards and you wont succeed… watch video to eliminate this major trading mistake!
If your stock trading is keeping you up at night or causing you stress then there are two things that you need to do. Bull markets and Bear markets are not something we need to fear as traders… they are just something we need prepare for!
Are you amongst the countless traders who are stuck learning about the market but have not yet made the leap to start trading for yourself?
If that sounds like you then chances are this 1 thing is what you have been missing!
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.
In this first episode of "The Great Trading Debate", Adrian Reid from Enlightened Stock Trading debates with Brian McAboy from Inside Out Trading about which is more important, Your Trading System OR your Trading Psychology. Comment below and let us know what YOU...
By eliminating your focus on the money, you will be able to improve your stock trading performance because you are free to focus on the trading activities that generate your profits…by performing these activities well you improve your trading results and make more money!
Sounds reasonable, BUT how can you stop focusing on the money? Isn’t that what stock trading is all about?
This video explains how you can adjust your focus to enable profits to come more easily in your stock trading account.
What is possible and realistic depends very much on YOU – your skills as a trader, how good the trading system is and how much risk you can comfortably take on.
When I first started, my objective was to ensure that I didn’t lose all my money! Now my objective is significantly more optimistic than that…
Why do so many stock traders have trouble pulling the trigger and following through on their trading system development and execution? In this interview with Clinical Psychologist and Trader Dr. Taka Endo we uncover the reasons…and what you can do to avoid these problems.
I spent the day at the Museum Of Natural History in New York with the kids today... I love that place - They had such a great time (and so did I!!) There were so many great examples of how animals protect themselves...just like this picture below. It made me wonder...