I visited Pace University for a guest lecture hoping to teach aspiring traders and finance types what is really important to succeed in our game. There are two takeaways to share. Trading is not what most people think. Too many are inundated with misinformation about what it really takes to be a great trader. The Financial Media Entertainment Complex starring … Read More
Trading Frustration #2: A Lack of Trading Confidence
The #2 Trading Frustration in the SMBU Trading Community is a lack of trading confidence. If you have lost your trading confidence, then this is how you regain your trading confidence. We’ve all been there! A psychology coach offers some suggestions on how to increase your confidence as a trader. How your confidence helps you as a trader. You can … Read More
How do I regain my trading confidence?
Hi Mike, I think it’s crazy (in a great way) that a successful trader/prop firm manager/author still takes time to answer random question from traders… Thanks so much for considering responding to mine. First, a bit of background so you know where I’m coming from. I started trading at the beginning of 2004 at a prop firm in Chicago that … Read More
Increasing your confidence as a trader
So you see that a trader really can make it. He has stopped losing money, put up some good days, works hard, loves the work, and is bound to getting better. At this point I move to work on building his confidence. But how do you do this? The worst thing is to applaud a high P&L day. A good idea … Read More