What is Mind Muscles For Traders and Who is Rich Friesen? Mind Muscles For Traders is a website run by the highly-respected trading coach, Rich Friesen. With over two decades of experience trading in the Chicago and San Francisco pits, Rich brings first-hand floor trading wisdom to the table that most trading coaches and mentors today simply can't. His unique personal experiences as both a broker and trader, in addition to building his very own trading firm where he trained traders to work for him, has provided him … [Read more...]
What is Mindful Trading? Your Ticket to Consistency
Mindful Trading Wins Over Mindless Trading - How to Become More Self-Aware: Mindful trading involves conscious awareness of your thoughts, emotions, and behaviors. Without even realizing it, most traders have numerous biases, insecurities, habits, expectations and survival mechanisms that are inhibiting their success. As a beginner, it's completely normal to feel fear of loss or being wrong, doubt about open positions, regret over impulsive actions, among many other difficult emotions. Some traders even feel … [Read more...]
How to For the Stock Market – 5 Steps to Consistent Profits
A Comprehensive How to Guide For Achieving Stock Market Success: Most how to guides for the stock market are all the same - focusing on the best brokerage platforms, newsletter subscriptions, and other nonessential factors for achieving consistent success. But with over 90% of traders failing, it's clear that the typical guidance simply doesn't work. These guides provide information that flat-out doesn't help people find the success they seek. This how to guide, however, will be different. By cutting straight to the … [Read more...]
What is the Foundation For Stock Trading Success?
The Focus Should Be on the Inputs, Not the Outputs - Process Over Results: The soberingly low success rate for stock traders can sufficiently be explained by examining what the typical trader focuses on the most: money. It might sound contradictory to say that focusing less on the money will actually bring you more of it, but it's the truth. Because when the bulk of your mental resources are focused on potential profits, it's clear that your process is being neglected. Fixating on outputs without examining inputs is … [Read more...]
What is Yvan Byeajee’s Trading Psychology Mastery Course?
Who is Yvan Byeajee and What is The Trading Psychology Mastery Course? Yvan Byeajee is the founder of Trading Composure - a website that offers articles, meditations, and courses focused on the psychological aspect of trading. The best course offered at Trading Composure is The Trading Psychology Mastery Course. The information offered in this course is based on Yvan's own unique, personal experiences with both meditation and trading. When he first started trading, he brought with him a stockpile of denied impulses and … [Read more...]
How to Eliminate Bad Trading Habits and Develop Good Ones
Discover the Process For Eliminating Bad Trading Habits and Replacing Them With Good Ones : Traders as a whole have innumerable bad habits that they carry out within the market environment. They strategy-hop, refuse to take controlled losses, remove stop losses, take losing trades personally, jump into trades in fear of missing out, hesitate to pull the trigger on good opportunities, blame external forces for their woes, and overall trade against their systems/plans/rules based on their in-the-moment emotions and … [Read more...]
What is the Success Rate For Day Traders? Why is it So Low?
Success Rate For Day Traders Estimated at 10% - Don't Put Yourself at the Mercy of These Odds: The closest estimates confirm that around 90% of short-term traders fail, which puts the success rate around 10%. Personally, this immediately gets me thinking: "why is the success rate so low?" My initial reaction is because most novices treat trading like gambling, attempt to get-rich-quick, avoid structure in their approach, constantly give into impulses, and have unrealistic expectations. In essence, consistent trading … [Read more...]
What is the Core of Trading? It Boils Down to a Simple Equation
The Core of Trading: Proper Mindset + Validated System = Consistent Profits The two core components for achieving consistent profitability in the market are the proper mindset and a validated system. These two essential components work together to provide the structure required in order to be successful within the unique market environment. Whether you consciously realize it or not, the market possesses specific characteristics that you're probably not used to. Consequently, it requires adaptation and development of … [Read more...]
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