Explore how understanding the brain’s response to risk can help you develop more robust risk management strategies, minimizing potential losses and maximizing gains.
Author Archives: Stephen Herto
Setting Goals for Successful Trading Growth
The article emphasizes the importance of maintaining a long-term perspective in trading, setting incremental improvement goals, and evaluating personal trading skills to navigate setbacks and enhance performance effectively.
Trade Enjoyment
Drawing from personal experiences in chiropractic and trading the challenges and hard work ignite passion that can transform work into enjoyable pursuits of trading for a living.
Avoiding Tax Trouble for Traders
Trading is a business that requires careful financial management. Tax court rulings highlight the importance of correctly documenting and justifying business expenses.
The Less I Trade the More I Make
In trading, the mantra “less is more” holds true. Focusing on fewer trades with larger capital allocation can significantly boost profits. Overtrading and treating trading as a regular job can be detrimental, and patience is key for successful trading. Control the desire to trade excessively for better results.
TRADING FAVORS THE RELAXED MIND
A brain-based approach to trading leverages neurology for market advantage. Stay relaxed to trade objectively. Use mental rehearsal to manage emotions and learn from experiences.
The Momentum Rebound Trade
This post outlines a longer-term directional leverage trade mainly on sector and index ETFs. It emphasizes identifying setup edge, entry signal, trade execution, risk management, target exit, and provides an example of a successful trade.
The Little Guy Advantage – Part 2
Retail traders have a unique advantage over big firms and hedge funds in the stock market. By capitalizing on the monthly buying surge of the big players, individual traders can strategically enter and exit positions for profitable gains. Despite the Big Guys’ informational and logistical advantages, they often underperform, presenting an opportunity for savvy traders.
Mastering Trading Psychology: Check-Up for a Rewarding Year
As we reach the mid-year mark, it’s vital for traders to assess their progress. Beyond financial gains, focus on mindset, adaptability, and emotional responses. Continuous improvement is crucial for long-term success.
Pattern Recognition- Friend or Foe?
One of our greatest strengths in our brains is pattern recognition. We see a face we are familiar with; it brings us joy and we approach for a conversation. We see a tiger and we run. Pattern recognition is deeply seated within our brain and has kept our species alive for tens of thousands ofContinueContinue reading “Pattern Recognition- Friend or Foe?”