Image Day Trading Stock Tip Lesson

Sign up for our free announcements so that you will be the first to know about new articles which will help you with your day trading!  
First Name:

We promise to never sell, rent, or give out your e-mail address to anybody!

Day Trading Stock Tip - Online Trading Daily Self Suggestions Part 4


Here is Part 4 of this article which offers you ten more suggestions for personal trading psychology statements:

31) Listen to my "inner voice" if it is shouting at me!
32) Increased trading activity does not necessarily correlate with increased results
33) I enjoy the process of self-analysis and learning about the mind
34) Confidence equals expecting a positive result

35) Think in probabilities, yet act with certainty -- this breeds confidence
36) I can act and react automatically when it is time to enter and exit trades
37) My compelling motivation to trade is to excel at a fun game and be rewarded for it
38) I will stay focused during the first pullback of a trend trade and stay with the trade unless it reaches my stop point
39) When I relinquish the "need" for control, I will relax and trade more efficiently
40) Because I am human I have "natural psychological biases" for control and certainty, and neither is offered in trading. Therefore my discipline is that I will take the trade (assuming it meets my tested rules for entry) even though my natural psychological biases tempt me to not take the trade. Having this discipline bypasses the "need" for control and certainty, and this will develop consistency and confidence.

Hopefully some of these suggestions made a favorable impression with you. Again, feel free to use or modify any of them to meet your specific situation.



Day Trading Book

Day Trading Stock Tip Ebook Recommendation Image



Search This Site


Related Products And FREE Videos


More Articles

Online Trading Daily Psychology Self Suggestions Part 2

... trading psychology statements: 11) If my stop is reached, get out of the trade and "reset" for the next trade 12) If I get stopped out, and it is within my rules to do so, take another trade in the same symbol if it has a good setup 13) Adhere to strict ... 

Read Full Article  

Why It Is OK To Make Tremendous Amounts Of Money In Online Trading

... earned in a year could set off emotional concerns that "upstaging" your parents will make them resent you. 3) People who you love and respect will say that you are "gambling" all day long. 4) Some people that you love may even say that you're not patriotic ... 

Read Full Article  

Disclaimer And Terms Of Use

... you may take. You further indemnify, its staff and authors, and its resellers and any advertisers against any future actions, losses, expenses, and legal costs, for yourself. The same applies to any outside party you may provide ... 

Read Full Article  

Questions To Ask An Online Trading Broker Part 2

... submit a wire request? - For after-hours, post-market, or overnight trading (as in the case of futures trading or forex trading) will you get 24-hour support? - What is the official name of the brokerage firm and the names of any licensed brokers with ... 

Read Full Article  

Questions To Ask An Online Trading Broker Part 3

... risk monitoring. - Do they offer access to all exchanges within the asset class? For example, for stocks you may be able to trade NASDAQ, NYSE, and AMEX stocks but do you get access to Bulletin Board and Pink Sheet stocks? For forex trading, do you have ... 

Read Full Article