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Biology Set You Up to Fail at Trading

Posted by TopstepTrader on September 09, 2018

You love trading. And you may think you were born to do this. You weren't. No one was.

In fact, everything about our biology is working against our success. Think about it. What are the traits of a successful trader. A successful trader is cool under pressure. She's disciplined, not fearful. She's focused on long-term growth, not short-term excitement. 

And that's not us. Our brains and biology are hard wired after tens of thousands of years as hunter / gatherers. But that doesn't mean that we can't learn a new mindset. That's what today's lesson is about — awareness and understanding of our trader's mind, so that we can better succeed at trading. 

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Topics: Trading Basics, Limit Up!, Futures, Forex, September Trading Insights, Rande Howell, Trading Psychology

Mastering Trading Emotions and Improving Performance - Limit Up! with Rande Howell

Posted by TopstepTrader on December 20, 2017

Every great trader works seriously on their mental performance to increase their P&L - without exception. Understanding how the brain is - and is not - suited for trading can allow you to realize how to manage your instinct. 

There's no better person to lay out these factors than Rande Howell - a 15-year trading psychologist who has helped traders, portfolio managers and money managers improve their performance. 

Rande talks about the way that our brains are designed and goes over some exercises that can help us identify in the moment when we may not be making the best trading decisions. As Rande says, it's not about fighting emotions, but embracing them - and then realizing what that typically means for our performance.

Give it a listen - and be sure to subscribe to Limit Up on iTunes or Google Play. 

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Topics: Trading Basics, Limit Up!, Rande Howell, Trading Psychology

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