Many traders struggle with discipline. The reason is due to lack of foundation in education, guidance, and experience.Discipline is one of the most important factors in trading, and yet it is the least thought about by traders. So how can…
I can’t say I was a grade A student but when it comes to developing and visioning I did have an edge for thinking out of the box and for one project one of my lecturers at university once said,…
The Mother of all Problems I Personal Problems Isolation and LonelinessWorking Alone: Many traders work from home or have long hours in front of their screens, leading to feelings of isolation. Without a team or co-workers to interact with regularly,…
Looking for the Holy Grail in Trading Traders are always looking for some miracle — a so-called holy grail trading strategy. I guess it’s human nature. But in real life, there are no miracles. We are bound by the laws…
FOMO – Fear Of Missing Out The pressures of life influence us and pressure our trading as well. We must be cautious when trading because our daily habits of working 9 to 5 can make us feel like we are…
Psychological Biases Nobody likes to lose! Me included! But life will teach us the hard way if we do not come to terms with the fact that we cannot win them all! Life is such. If we are going to…
Data Overload Traders are exposed to a lot of media because of the belief that the market moves on news! Hah! What a load of chilies! Nothing could be further from the truth! How do I know? Because I calculate…
Overconfidence and Underestimation of Risk One of the biggest problems in trading is that people are led to believe they can make a lot of money quickly when trading. This is absolutely true, but you can also lose a lot…
Market Volatility Traders suffer from unexpected moves in the market. It is mostly caused by news announcements, or geopolitical events, or sometimes also natural disasters like epidemics as we had with Covid. Nobody can really predict when these will happen.…
Emotional Control The hardest thing in trading is actually keeping it together. Since we are emotional creatures we feel first and run the intellect later which means mostly we learn through experiences and only bad ones makes us wiser. So…