Comments on: 3 Reasons Why Trading Psychology Isn’t Sexy (and why it is)

By: Hugh Kimura

Hugh Kimura — Wed, 08 May 2013 20:28:40 +0000

In reply to quentin walker. Cool, thanks for sharing Quentin. I've heard that other traders attribute their success in trading to their sports background, so it makes sense. I agree, keep it simple!

By: quentin walker

quentin walker — Wed, 08 May 2013 20:07:07 +0000

Hey, I am a simple guy at heart and I have the ability to be patient and cool headed in high stress situations. I developed this ability from playing football as a defensive back on the collegiate level so it automatically translates to trading. In regards to my method I trade the daily time frame looking for certain price action patterns to execute my edge. If there is no pattern I do my analysis and walk away and wait until the next day for a new pattern. Keep it simple!!!

By: Hugh Kimura

Hugh Kimura — Mon, 15 Apr 2013 15:35:59 +0000

In reply to Kevin LaCoste.

Hi Kevin,

Thanks…yes, great point. Especially when those non-traders are good friends or family. I like the name of your blog BTW. Hope you are trading well.

Cheers,
Hugh

By: Kevin LaCoste

Kevin LaCoste — Mon, 15 Apr 2013 14:18:16 +0000

Hi Hugh. This is a very good post. One big tip that I discovered is to minimise “shop talk” with non-traders. They have wild misconceptions about trading and can project them onto you. If you’re successful, they expect you to be swimming in cash and the pressure builds to be consistently profitable. Then once you’re in statistical drawdown, they think you’re going to lose it all. I keep trade talk to a minimum in RL and only share my blog / thoughts to a select few friends and colleagues. A trader’s psychology is like clockwork – the slightest disturbance can put if off-balance.

By: Hugh Kimura

Hugh Kimura — Sun, 31 Mar 2013 02:59:32 +0000

In reply to Guillem.

Hi Guillem,

Thanks, no worries…I’m used to getting comments from people all over the world.

Very cool, sounds like a great way to trade. You have fit trading very well into your lifestyle! Yeah, an EA can be a great time saver when it is based on your trading system. 🙂

Let me know if there is anything that I can do for you in the future.

Cheers,
Hugh

By: Guillem

Guillem — Fri, 29 Mar 2013 18:51:58 +0000

Hey,

First of all, I want to congratulate you for the blog, it is awesome 😀 I’m not an english speaker, please excuse the writting mistakes :).

I trade from Spain, I usually trade with 1H or 1D charts, and based on the information of the last closed bar. I set the alarm 5 minutes before the creation of a new bar to analize the situation, the potential scenarios and what should I do in response, and after that 5-10 minutes of consistent work, I just turn off the screen and use these 50 minutes in non related things, like jogging, eating with family, or working. Sometimes if markets aren’t doing much, I can take a 2 hours break, so I can take a walk at the beach or a sun bath.. But usually I’d rather work, lately I’m working on translating my trading system to an EA that takes the trades for me, and I can do it while live trading with this compartmentalized system. It’s like the bigger the energy of negative trading psychology can work against you, the bigger use you can take from it just using all that energy in construtive ways.

Thanks again for the blog! I like your way of seeing things 🙂