Category: Trading

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TradingTrading Psychology

How the best traders improve their trading: data filtering

The flood of information (information overload) is one of the three main problems that traders complain about.

The best traders have their solutions: they limit the amount of news to the necessary minimum. Too much and not – selected news gives not only a waste of time but also may suggest something that will have a negative impact on the position.

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TradingTrading Psychology

How to effectively improve your trading

Change comes more easily if it is carried out daily over a long period. And it’s best if the new activity (such as analyzing or watching for a new type of exit) becomes part of your daily routine.

If you find something worth introducing or changing, the best way is to try it every day for a while to form a new habit.

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Books & TrainingsTradingTrading Psychology

How the best traders improve their trading: self-development

The best of the best traders are constantly constructively satisfied and at the same time dissatisfied with their achievements.

be prepared
Traders' StoriesTradingTrading Psychology

Lessons from 50 years of trading experience: key skills and achievements

The best traders I’ve met pointed to survival on the market as their main achievement. By studying their biographies, you can benefit in one particular way: you will strengthen your ability to adapt. Markets are changing and will continue to change, sometimes dramatically. Alternative data, big data and AI are coming into widespread use.


Best Practices in trading: Reduce stress level with cheat sheet

We are not able to stick to the plan, because under stress, our brain starts to work differently. We inherited stress from our ancestors – in an emergency situation they had few choices, very simple choices and none of them included complex intellectual processes. They were the fight, flight or freeze and pretending that they are not there.

game over

How to stop the “emotional stun” in trading?

It happens that traders are stuck in the face of some event in the market. I had this, which led to the loss of the first deposit. After many years, I remember like it was today: I set the trend line on the GBP/JPY and set order of what I thought was right over it. It was a Sunday evening – in a moment the market was about to open. It happened in a moment. For an hour I was watching as it is slowly but steadily moving towards my trend line, then touches it….


What trading system is the best for you?

Imagine that you have easy to understand and use system. You will spend no more than half of the month on the market, and in that time you will earn enough not only to cover your monthly expenses but you will also be able to put more capital into further trades and into increasing positions. You spend up to 2 weeks a month trading. The rest of the time you can use whatever you want eg. relaxation, visiting the family and friend, what you are interested in…

Books & TrainingsTraders' StoriesTradingTrading Psychology

The cardinal rules of trading according to the best traders in the world

One day I came up with the idea of finding the best traders in the world and then asking them about everything that is relevant for achieving success on the market. I wanted to know their full story — from the beginning, up until now. In the result, I interviewed almost 100 traders from all over the world. One of the questions was “What are the cardinal rules of trading according to you?” Check it out, what some of them told me…


13 Examples of What Triggers Emotions In Trading

Here you will learn about several things that can trigger emotion when trading and throw a trader off balance mentally. Finding that right cause of the problem is a key step to regaining balance and attentiveness for the future.


Trading tools used by best traders

The best traders from the largest trading funds have the best coaches (including psychology!), access to the best knowledge, training, development programs. 

One of the big advantages of working in a large and rich fund is the abundance of trading tools that allow you to be very good and constantly further improve your professional level.

One of such trading tools used by trading funds is a fairly simple process…

Trading tools used by best trading fund traders: changing observations into growth targets

Yes, I know this may not tell the uninitiated anything, so I will describe with an example.

It’s worth it, because it’s an excellent trading tool that works brilliantly.

A trader builds entry plans for the next period (week, month).

After that time, either alone or with someone (coach, mentor, supervisor), he sits down and analyzes what and how it worked out. Which elements were good. E.g. which analyses (own or bought) worked best and why.

What could it depend on?

Can we do something better, differently next time? Sometimes you have to do something differently because there is no benchmark (the best of the best don’t have one, they have no one to compare with, and some of their work is completely new approaches that no one but them has). The only thing you can do in such a situation is to try to do something differently and see what will happen.

If you don’t have anyone to help – just sit over the descriptions of what you intended and what came out and think about it, you’re sure to find something

But that’s not all.

The real vein of gold starts here: if you saw something, something you can change, improve – either in the analytical, technical or psychological sphere, then do what the best do:

Turn it into a concrete goal and a plan to execute for the next period.

Let’s say you’ve noticed that you’re having trouble getting in, that you’re hesitant and have a lot of resistance, or that you’re getting “too nervous” when running a position. 

Noticed problem:

“You get “too nervous” when conducting a position and this occurs constantly.

Possible reasons:

What is the reason? 

Am I sufficiently prepared?

Do I actually have a rational, solid basis for these inputs?           

Attempt to solve:

How about addressing the consequences? What will help? Meditation? Relaxation?

Maybe there is a technical cause, additional knowledge, additional information that can help me improve the position?

Concrete action.               

And here is the vein of gold I was talking about. Action.

You may not find a solution, but… one time you will. And you will give the next step.

But if you don’t look, you won’t find anything. You will constantly have the same problems and make the same mistakes. You will have the same reasons for losses and the frustration will only grow.

Trading tools used by best trading fund traders: turning problems into challenges

The best trading fund traders have the process described above “imprinted” in their list of activities.

This trading tool can be called “turning problems into challenges.”

This is one of the best practices in training fund traders. The best are constantly learning and improving themselves and their craft. 

In one sentence: turn the problems you find into plans to find solutions.

Educate yourself constantly and every day be better than you were yesterday.

Further challenge: create such a process for yourself – systematically search for problems (or possible problems, or opportunities), think about what you can do and then plan and act.

  1. Systematically search for problems or opportunities.
  2. think what you can do, how to use this possible knowledge to improve yourself.
  3. plan your actions.
  4. Act and observe the effects. Does the problem disappear?

Once you get the knack of the whole thing – thinking, looking for a solution, planning can take you 15 – 20 minutes a week. Plus, of course, the action itself and pondering during.


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