Rande Howell's Material Psychology (www.tradersstateofmind.com) | Trading Reviews and Vendors


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Rande Howell's Material Psychology (www.tradersstateofmind.com)

  #24 (permalink)

Market Wizard
San Jose, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Dorman Trading, Kinetick
Favorite Futures: NQ all day every day, maybe only one 1-3 times per day.
 
Posts: 714 since Dec 2012
Thanks: 537 given, 624 received
Forum Reputation: Legendary

I think what really helps is having a solid strategy and experience in the markets(trade the range if your a day trader). Trade the same way every time. Once you get over the fear of losing things become easier. Keeping stops inline with trading account, letting profits run inline with S&R and average range, and not getting in your own way. I think when you're new you don't know your butt from your face so you get worked up over not being successful when you haven't taken the time to develop your skills. Depression, fear, anxiety, euphoria, etc, it's all normal and OK. Anyways that how it is for me. I had to change my viewpoint on trading and what it is for me. Mindfulness helps, I don't mediate, but just focusing helps, I guess you could call that meditation. Anyways Randy seams like a good dude. The one thing his book has given was a different perspective on life. If you like doing things on your own Garry Van Warmerdam is good too, he's not trading related, but it all applies. Great self mastery course. Happy trading folks.

"Small disciplines repeated with consistency every day lead to great achievements gained slowly over time."
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