Trading Psychology

Trading Psychology: Toughen Up or Get Out

image of Barry Taylor from Emini-Watch.com

Barry Taylor

Warning – this video is not for everyone. If you’re feeling fragile or negative, please give it a miss. In a nutshell, what am I saying? It’s about trading mindset – the part of trading most people underestimate.

  1. If you don’t love trading get out now – it will be the best decision you ever made.
  2. But if you absolutely love trading – take your losing days and losing weeks and suck it up. Learn from your mistakes, get angry and use that energy to work on your trading and get to the next level.

And to lighten the mood a little – some typical Australian humour.

Youtube video

Losing days or weeks are hard but if you love trading you’ll suck it up.

The same discipline applies whether you’re trading from a fixed office or trading while traveling – the psychology doesn’t change, only the logistics. A practical companion to this mindset work is the 7 Deadly Sins trading log – it turns self-awareness into actionable data. If overtrading is part of the pattern, the companion article on why day trading feels like gambling is worth an honest read.

About the Author

Full-time futures trader Barry Taylor is the founder of Emini-Watch.com and developer of the ‘Better’ Trading Indicators - a unique set of 3 non-correlated indicators that will give you an edge, whether you’re a day trader, swing trader or investor. With over 17 years of full-time trading and traveling, Barry splits his time between Byron Bay, Biarritz and Kauai.

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