Trading Psychology Lessons

How to Emerge From a Trading Drawdown

Trading can really suck sometimes. Especially during those times where everything you touch turns out to be wrong. Those dark periods are part of the business, and unfortunately, it’s just a matter of time before you find yourself in the next trading drawdown. Recently I found myself in a very challenging environment. Choppy price action and quick shakeouts with…

How to Take Emotion Out of Trading

GoPro ($GPRO) is a stock I had been watching for a while. Since the week of its IPO on June 26, 2014, the stock showed tremendous potential for a high volatility new issue. It opened with an IPO price of 28.65 a share and just 3 days later the stock hit an intraday high of…

How to Emotionally Manage Winning and Losing Trades

How to emotionally manage winning and losing trades dives into the much less discussed, mental side of the equation around trade management. Your specific trading strategy is going to be a key determining factor in how you manage positions, but it’s your emotional state and internal dialogue, that will ultimately dictate whether or not you manage…