Chat Room Psychology Alerts

[Mike B 625]

Chronological record of Chat Room Psychology Alerts

1/4/21 – “If you have to compromise your ethics to get it, then it is not worth having.” Akiroq Brost, Author at McGill Media

12/31/20 – “If you want to be happy, set a goal that commands your thoughts, liberates your energy and inspires your hopes.” Andrew Carnegie, American Industrialist

12/30/20 – “Don’t ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you’ll reach a satisfying level of proficiency.” Yvan Byeajee, Author of The Essence of Trading Psychology

12/29/20 – “Do more of what works and less of what doesn’t.” Steve Clark, American Trader

12/28/20 – “He who has a why to live for can bear almost any how.” Friedrich Nietzsche, German Philosopher

12/24/20 – “It is not our differences that divide us. It is our inability to recognize, accept and celebrate those differences.” Audre Lorde, American Writer

12/23/20 – “Positive thinking is not necessarily optimistic thinking; it is constructive thought.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

12/22/20 – “We really only trust conscious decision making. But there are moments, particularly in times of stress…, when our snap judgments and first impressions can offer a much better means of making sense of the world.” Malcolm Gladwell, Author of Blink

12/21/20 – “Develop a passion for learning. If you do, you will never cease to grow.” Anthony J. D’Angelo, Author of Inspiration for Student Leaders

12/18/20 – “If you would not be forgotten, as soon as you are dead and rotten, either write things worth reading, or do things worth the writing.” Benjamin Franklin, American Inventor

12/17/20 – “If you cannot see where you are going, ask someone who has been there before.” J Loren Norris, Author of Live a More Excellent Life

12/16/20 – “When we get too caught up in the busyness of the world, we lose connection with one another – and ourselves.” Jack Kornfield, Author of A Lamp in the Darkness

12/15/20 – “After a certain high level of technical skill is achieved, science and art tend to coalesce in esthetics, plasticity, and form. The greatest scientists are always artists as well.” Albert Einstein, Theoretical Physicist

12/14/20 – “Before you become too entranced with gorgeous gadgets and mesmerizing video displays, let me remind you that information is not knowledge, knowledge is not wisdom, and wisdom is not foresight. Each grows out of the other, and we need them all.” Arthur C. Clarke, Arthur of Profiles of the Future

12/11/20 – “Success is not final; failure is not fatal: It is the courage to continue that counts.” Winston Churchill, Former Prime Minister of the United Kingdom

12/10/20 – “When you give of yourself, it benefits you, the organization, and the receiver.” John C. Maxwell, Author of Mentor 101: What Every Leader Needs to Know

12/9/20 – “Focusing on the things that are within your control, seeking learning opportunities in the challenge and practicing gratitude are key aspects of a resilient mindset.” Créde Sheehy-Kelly, Créde Performance

12/8/20 – “Many of the behavioral patterns that interfere with our day-to-day lives also find expression in our trading.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

12/7/20 – “As a trader, you can be the casino, if: you have an edge that genuinely puts the odds of success in your favor; you can think about trading in the appropriate manner; and you can do everything you need to do over a series of trades.” Mark Douglas, Author of Trading in Zone

12/4/20 – “The swiftest way to triple your success is to double your investment in personal development.” Robin Sharma, Author of The Monk Who Sold His Ferrari

12/3/20 – “We make a living by what we get, we make a life by what we give.” Winston Churchill, Former Prime Minister of the United Kingdom

12/2/20 – “Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons.” Jesse Livermore, American Stock Trader

12/1/20 – “Green Light, STOP – if you want to see where you are taking the most risk, look where you are making the most money.” Paul Gibbons, Author The Science of Successful Organizational Change

11/30/20 – “If there is no Struggle, there is no progress.” Frederick Douglass, American Writer

11/27/20 – “Amongst the many traits I’ve observed of great traders, this one stands out: They want to get continually better. They’re not happy just being good.” Steven Goldstein, AlphaMind Podcast

11/26/20 – Happy Thanksgiving

11/25/20 –  “The Greatest Discover of my generation is that human beings can alter their lives by altering their attitudes of mind.” William James, American Philosopher

11/24/20 – “Successful people demonstrate their resilience through their dedication to making progress every day, even if that progress is a marginal.” Eric Greitens, Author of Resilience

11/23/20 – “Anger is a potent spice….a pinch wakes you up….too much dulls your senses.” Harry Beltik, The Queen’s Gamibt Movie

11/20/20 – “The man who makes everything that leads to happiness depends upon himself, and not upon other men, has adopted the very best plan for living happily.” Plato, Athenian Philosopher

11/19/20 – “The people closest to me determine my level of success or failure. The better they are, the better I am. And if I want to go to the highest level, I can do it only with the help of other people. We have to take each other higher.” John Maxwell, Author of Mentoring 101.

11/18/20 – “Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, and openness.” Yvan Byeajee Author of The Essence of Trading Psychology

11/17/20 – “It’s not talent, and it’s not environment: It’s how talent brings you to superior environments that creates exponential learning curves and elite performance.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

11/16/20 – “The four most dangerous words in investing are: “This time it’s different.”” Sir John Templeton, American-British Investor

11/13/20 – “He Who is not contented with what he has, would not be contented with what he would like to have.” Socrates, Philosopher

11/12/20 – Knowing Others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.” Lao Tzu, Chinese Philosopher

11/11/20 –  “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” Maya Angelou, Author of I Know Why the Caged bird Sings Thanks to all Military Veterans

11/10/20 – “Some people spend an entire lifetime wondering if they made a difference in the world. But, the Marines don’t have that problem.” Ronald Reagan, 40^th United States President Happy 245^th Birthday Marines

11/09/20 – “inner peace begins the moment you choose not to allow another person or event to control your emotions.” Pema Chodron, Author of When Things Fall Apart

11/6/20 – “Never, ever argue with your trading system.” Michael Covel, Author of Trend Following

11/5/20 – “It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” George Soros, American Investor

11/4/20 – “Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” Larry Hite, Author of The Rule

11/3/20 – “Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.” Mark Douglas, Author Trading in the Zone

11/2/20 – “Do not anticipate and move without market confirmation – being a little late in your trade is your insurance that you are right or wrong.” Jesse Livermore, American Stock Trader

10/30/20 – “The truth is, unless you let go, unless you forgive yourself, unless you forgive the situation, unless you realize that the situation is over, you cannot move forward.” Steve Maraboli, American Writer

10/29/20 – “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Aristotle, Greek Philosopher

10/28/20 – “Investing in yourself is the best thing you can do, and as apart of investing in yourself; you should learn more about money management.” – Warren Buffett, CEO Berkshire Hathaway

10/27/20 – “Mindfulness means being awake. It means knowing what you are doing.” Jon Kabat-Zinn, American Professor

10/26/20 – “If you cannot measure it, you cannot master it.” William Thomson, British Mathematician

10/23/20 – “It is easier to do a job right, than to explain why you didn’t.” Marin Van Buren, 8^th President of United States

10/22/20 – “Habits are the compound interest of self-improvement.” James Clear, Author of Atomic Habits

10/21/20 – It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change, Charles Darwin

10/20/20 – The hardest thing for a trader to be, is to be themselves. Yet it is being yourself and the best version of yourself that unlocks your potential.” Steven Goldstein, The AlphaMind Podcast

10/19/20 – When you genuinely accept the risk, you will be at peace with any outcome. Mark Douglas, Author of Trading in the Zone

10/16/20 – Freedom from blind reactivity begins with self-awareness.” Yvan Byeajee, Author of The Essence of Trading Psychology

10/15/20 – “The greatest glory in living lies not in never falling, but in rising every time we fall.” Nelson Mandela, Former President of South Africa

10/14/20 – “Our lives improve only when we take chances, and the first and most difficult risk we can take is to be honest with ourselves.” Walter Anderson, American Painter

10/13/20 – “When we experience a stressful event, it is our response to the stressor that determines how it impacts us.” Créde Sheehy-Kelly, Créde Performance

10/12/20 – “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” Trader Vic, Author of Methods of a Wall Street Master

10/9/20 – “Reading can teach you the best of what others already know. Reflection can teach you the best of what only you can know.” James Clear, Author of Atomic Habits

10/8/20 – “We exist temporarily through what we take, but we live forever through what we give.” Douglas M. Lawson, Author of More Give to Live:How giving Can Change Your Life

10/7/20 – “To prepare a challenging trade idea, execute it with a plan, and then see it make money yields a kind of happiness that cannot be achieved by the same profits from a dumb luck trade.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

10/6/20 – “Consistent traders have learned and completely accepted the fact that they don’t know what’s going to happen next. More important, they don’t need to know in order to make money consistently.” Mark Douglas, Author of Trading in the Zone

10/5/20 – “Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.” Joe Vidich, Hedge Fund Manager

10/2/20 – “The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager, Author of Market Wizards

10/1/20 – “You create your own game in your mind based on your beliefs, intents, perception and rules.” Mark Douglas, Author of Trading in the Zone

9/30/20 – “Your trading today began with how you managed emotional lumps and bumps yesterday, how you wound down, how you retired, how you slept and how you awoke.” Mark Randall, AlphaMind

9/29/20 – “The present moment is the only time over which we have dominion.” Thich Nhat Hanh, Founder of the Plum Village Tradition

9/28/20 – “The market doesn’t care who you are. You’re a trade to the market” Jamie Dimon, CEO of JPMorgan Chase Source(https://bloom.bg/2RHSv1O)

9/25/20 - “Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.” – Yvan Byeajee, Author The essence of Trading Psychology

9/24/20 – The greatest threat to success is not failure but boredom. We get bored with habits because they stop delighting us. The outcome becomes expected. And as our habits become ordinary, we start derailing our progress to seek novelty.” James Clear, Author of Atomic Habits.

9/23/20 – “In trading/investing, it’s not about how much you make but rather how much you don’t lose.” – Bernard Baruch, American Financier

9/22/20 – “Understanding the market and how to sail it are vital if you are going to navigate it successfully.” Steven Goldstein, AlphaMind

9/21/20 – “The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt, First Lady of the United States

9/18/20 – “Fools ignore complexity, Geniuses remove it.” Alan Perils, American Computer Scientist and Professor

9/17/20 – “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.” Napoleon Hill, American Self-Help Author

9/16/20 – “The market is a device for transferring money from the impatient to the patient.” Warren Buffett, American Investor

9/15/20 – “Out of your vulnerabilities will come your strength.” Sigmund Freud, Austrian Neurologist

9/14/20 – “Money matters, but not as much as you probably think.” Yvan Byeajee, Author of The Essence of Trading Psychology

9/11/20 – “For me and my family, personally, September 11 was a reminder that life is fleeting, impermanent, and uncertain. Therefore, we must make use of every moment and nurture it with affection, tenderness, beauty, creativity, and laughter.” Deepak Chopra, Author (This a quote about 9/11, not in any books)

9/10/20 – There is nothing outside of yourself that can ever enable you to get better, stronger, richer, quicker, or smarter. Everything is within. Seek nothing outside of yourself” Miyamoto Musashi, The Book of Five Rings

9/9/20 – “If you can’t explain it simply, you don’t understand it well enough.” Albert Einstein, Theoretical Physicist

9/8/20 – “The journey into self-love and self-acceptance must begin with self-examination…until you take the journey of self-reflection, it is almost impossible to grow or learn in life.” Iyanla Vanzant, American Inspirational Speaker

9/4/20 – “It is better to offer no excuse than a bad one.” George Washington, 1^st President of the United States

9/3/20 – “The more vigorous your efforts at stopping, the more successful you’ll be in disrupting unwanted patterns of thought and behavior.” Dr. Brett Steenbarger, The Daily Trading Coach

9/2/20 – “Time is your friend; impulse is your enemy.” John Bogle, American Investor

9/1/20 – “You’ve probably noticed that trading isn’t a one-size-fits-all proposition. We realize that personality traits filter our perception of the market such that no two traders ever see the same market!” Dr. Kenneth Reid, Creator of the Mastermind Program Seminars

8/31/20 – “Some people spend their entire lives waiting for the time to be right to make an improvement.” James Clear, Author of Atomic Habits

8/28/20 – “It’s not whether you get knocked down, it’s whether you get up.” Vince Lombardi, American Football Coach

8/27/20 – “Every action you take is a vote for the type of person you wish to become. No single instance will transform your beliefs, but as the votes build up, so does the evidence of your new identity.” James Clear, Author of Atomic Habits 

8/26/20 – “Throw me to the wolves and I’ll return leading the pack.” Suzanne Collins, Author of The Hunger Games 

8/25/20 – “Mindfulness meditation has helped me to understand life better and to touch even the most painful moments of every moment.” Neda Changizi, Mindfulness Coach 

8/24/20 – “The predominate underlying force behind most traders’ actions causing prices to move is fear – the fear of missing out (competing for the supply) and the fear of loss.” Mark Douglas, Author of The Disciplined Trader

8/21/20 – “The expert at anything was once a beginner.” Rutherford B. Hayes, 19^th President of the United States

8/20/20 – “It’s the ability to believe in the unpredictability of the game at the micro level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.” Mark Douglas, Author of Trading in the Zone

8/19/20 – “When split-second decisions can make or break your career, your ability to handle pressure is the best asset in your portfolio.” Créde Sheehy-Kelly, Créde Performance

8/18/20 – “Good habits can make rational sense, but if they conflict with your identity, you will fail to put them into action.” James Clear, Author of Atomic Habits

8/17/20 – “The great traders I coach do the same dumb things as the rest of us mortals. They buy false breakouts, take profits early, under size, over size, tinker with stops, beat themselves up. They are human like the rest of us. They just do them less.” Steven Goldstein, AlphaMind

8/14/20 – “Absorb what is useful, discard what is not, add what is uniquely your own.” Bruce Lee, Martial Arts Instructor & Philosopher.

8/13/20 – “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” Pelé, Brazilian Soccer Player

8/12/20 – “When Traders are unable to stay focused because they have too many irons in the fire, a variety of other mistakes can also begin to take place. Traders will then not only lose money by mishandling the trades they have, but they will also lose money in missed opportunities.” Ari Kiev, Author of The Psychology of Risk

8/11/20 – “It usually takes more confidence to sit in a winning trade than to enter it.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

8/10/20 – One of the most effective things you can do to build better habits is to join a culture where your desired behavior is the normal behavior.  New habits seem achievable when you see others doing them every day.” James Clear, Author of Atomic Habits

8/7/20 – “Confront the dark parts of yourself, and work to banish them with illumination and forgiveness. Your willingness to wrestle with your demons will cause your angels to sing.” August Wilson, American playwriter, The Pittsburgh Cycle

8/6/20 – “Stop trying to remove risk from your trading, because that’s the truly impossible mission! Instead, calibrate it and build your risk-taking muscles.” Dr. Kenneth Reid, Creator of the Mastermind Program Seminars

8/5/20 – “Remember that stocks are never too high for you to begin buying or too low to begin selling.” Jesse Livermore

8/4/20 – “Have Confidence in your ability to Execute a Plan in the face of profound uncertainty.” Mark Douglas, Author of Trading in the Zone

8/3/20 – “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end.” Roy T. Bennett, The light in the Heart

7/31/20 – “For every minute you are angry, you lose sixty seconds of happiness.” Ralph Waldo Emerson, American essayist, lecturer, and philosopher

7/30/20 – “The intensity of your emotional discomfort and pain you experience as a trader is an excellent indication of how much you will have to change to trade without fear and be consistently successful.” Mark Douglas, Author of The Disciplined Trader

7/29/20 – A peak performance trader feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” Van K. Tharp, Author of Trading Beyond the Matrix

7/28/20 – “Before we can effectively build new habits, we need to get a handle on our current ones.” James Clear, Author of Atomic Habits

7/27/20 – “Strategy provides the opportunity, but it is not the edge itself, the edge comes from how you play that strategy, that is where the edge lies.” Steven Goldstein, AlphaMind

7/24/20 – “There’s a difference between making money trading & believing you’ll make money trading. The latter is when you finally start to trust & believe in yourself.” Steven Goldstein, AlphaMind

7/23/20 – “Accepting losses is the most important single investment device to ensure safety of capital.” Gerald M. Loeb, Author of The Battle for Investment Survival

7/22/20 – “An Edge is nothing more than an indication of a higher probability of one thing happening over another” Mark Douglas, Author of Trading in the Zone

7/21/20 – “All you need is one pattern to make a living.” Linda Raschke, Author of Street Smarts

7/ 20/20 – “Mindfulness will help you stay rational, in control, and focused on the process of trading well. It is a skill all traders should strive to develop.” Yvan Byeajee, Author of The Essence of Trading Psychology

7/17/20 – “Even though trading is so very challenging, you can do it.” …  You must embrace the mindset to improve every day, build from your strengths, and develop your PlayBook. Mike Bellafiore, Author of The PlayBook

7/16/20 – “Many of the behavioral patterns that interfere with our day-to-day lives also find expression in our trading.” Dr. Brett Steenbarger, Author of The Daily Trading Coach

7/15/20 – “Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” Michael Marcus, Trader featured in Market Wizards by Jack Schwager.

7/14/20 – “The few Traders who pass through [the learning curve] to accumulate wealth are those who eventually confront and work through some very difficult psychological issues about what it means to be a trader, and this process of realization and change normally takes several years. Even for the best of them. Mark Douglas, Author of The Disciplined Trader

7/13/20 – The Moment fear plays a role in your decision-making; is the moment the market owns you. Fear or Missing Out, Fear of Regret, Fear of Failure, and other forms of Fear at elevated levels are signs of the market holding the levers to your decision-making.” Steven Goldstein, AlphaMind

7/10/20 – There is no doubt that it is around the family and the home that all the greatest virtues, the most dominating virtues of human, are created, strengthened and maintained. Winston S. Churchill, Former Prime Minister of the United Kingdom

7/09/20 – “You have power over how you’ll respond to uncertainty.” Yvan Byeajee, Author of The Essence of Trading Psychology in One Skill

7/08/20 – “You might be thinking…heck…I’d be positive too if I were winning big everyday. But there is ample evidence from sports psychology that a process-oriented Mindset is the key.” Dr. Reid, Creator of the Mastermind Program Seminars

7/07/20 – “Far from motivating you toward better behavior; FOMO actually is quite pernicious – tempting you to make an endless series of mostly losing bets.” Mark Hulbert, Marketwatch

7/06/20 – “I trade my own information and follow my own methods.” Jesse Livermore

7/3/20 – “For to be free is not merely to cast off one's chains, but to live in a way that respects and enhances the freedom of others.” Nelson Mandela

7/2/20 – “The successful person has the habit of doing the things failures don’t like to do. They don’t like doing them either necessarily. But their disliking is subordinated to the strength of their purpose.” Albert E. N. Gray

6/30/20 – “The human capacity for burden is like bamboo – far more flexible than you’d ever believe at first glance.” Jodi Picoult, Author of my Sister’s Keeper.

6/29/30 – “If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t.” – Mark Douglas, Author of Trading in the Zone.

6/26/20 – “Once your pride gets involved, you’ll fight tooth and nail to maintain your habits.” James Clear, Author of Atomic Habits

6/25/20 – “It’s only after you’ve stepped outside your comfort zone that you begin to change, grow, and transform.” Roy T. Bennett, Author of The Light in the Heart

6/24/20 – “Once you begin to interpret and understand what the price and volume relationship is signaling, then you have arrived at trading Nirvana.”’ Anna Coulling, Author of A Complete Guide to Volume Price Analysis.

6/23/20 – “All statistics have outliers. Money management; therefore, is key to the process of good trading.” Yvan Byeajee, Author of Zero to Hero

6/22/20 – “Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” Jerry Rice

6/19/20 – “The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager Author of Market Wizards (Possibly not sure if this is his quote)

6/18/20 – “A lack of Self-awareness is poison. Reflection and review is the antidote.” James Clear, Author of Atomic Habits

6/17/20 – “Tell me and I forget, teach me and I may remember, involve me and I learn.” Benjamin Franklin

6/16/20 – “The mind is just like a muscle - the more you exercise it, the stronger it gets and the more it can expand.” Idowu Koyenikan, Author of Wealth for All: Living a Life of Success at the Edge of Your Ability

6/15/20 – “I may not have gone where I intended to go, but I think I have ended up where I needed to be.” Douglas Adams, Author of The Long Dark Tea-Time of the Soul

6/12/20 – “We become what we consistently do.” Dr. Brett Steenbarger, Author Trading Psychology 2.0: From Best Practices to Best Processes

6/11/20 – “Money is made by sitting, not trading.” Jesse Livermore, Author of Reminiscences of a Stock Operator

6/10/20 – “The best way to capture moments is to pay attention. This is how we cultivate mindfulness.” Jon Kabat-Zin, Author Wherever You Go, There You Are

6/9/20 – “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” Yvan Byeajee, Author of The Essence of Trading Psychology in one Skill

6/8/20 – “Habits are the compound interest of self-improvement.” James Clear, Author of Atomic Habits

6/5/20 – “When we don’t experience much satisfaction in our life outside of trading, we ride the trade tick-by-tick and also tend to place too much emphasis on our P&L.” Dr. Andrew Menaker, PopDoc Trader

6/4/20 – “The only way to become excellent is to be endlessly fascinated by doing the same thing over Eureka, California and over. You have to fall in love with boredom.” – James Clear, Author of Atomic Habits

6/3/20 – It can be very expensive to try to convince the markets you are right” – Ed Seykota, Author of The Trading Tribe and Govopoly in the 39^th Day

6/2/20 – “You must learn to let go. Release the stress. You were never in control anyway.” Steve Maraboli, Author of Life, the Truth, and Being Free

6/1/20 – “The consistency you seek is in your mind, not in the markets.” Mark Douglas, Author Trading in the Zone

5/29/20 – “With Self-Discipline, most anything is possible.” Theodore Roosevelt, 26^th U.S. President

5/28/20 – “Losses are necessary, as long as they are associated with a technique to help you learn from them.” David Sikhosana, Author Time Value of Money: Timing Income

5/27/20 – “Meditation is essentially training our attention so that we can be more aware – not only of our own inner workings but also of what’s happening around us in the here & now.” Sharon Salzberg, Author of A Heart as Wide as the World.

5/26/20 – “Automatic thoughts don’t just enter our mind; they take over. We change when we sustain the motivation to stay in control of our minds.” – Brett N. Steenbarger, Author of The Daily Trading Coach

5/22/20 – “Many of life’s failures are people who did not realize how close they were to success when they gave up.” Thomas A. Edison, American Inventor

5/21/20 – “I know where I’m getting out before I get in.” – Bruce Kovner, Author of Market Wizards

5/20/20 – “The process by which one accumulates money is so simple, yet so hard to implement for most.” Yvan Byeajee, Author of The Essence of Trading Psychology in One Skill

5/19/20 – “A goal is a desired outcome, a strategy is a desired outcome combined with a plan for achieving it, Create strategies, not goals.” James Clear

5/18/20 – “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” Bill Lipschutz, Forex Trader

5/15/20 – “The more often you decline invitations to spend time with friends or family because you are too busy with either work or other activities, the more you should realize that your life is not in balance.” Byron Pulsifer, Author of Balanced Life

5/14/20 – “When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.” Mark Douglas, Author of Trading in the Zone

5/13/20 – “You can always amend a big plan, but you can never expand a little one. I don’t believe in little plans. I believe in plans big enough to meet a situation which we can’t possibly foresee now.” Harry S. Truman, 33rd President of the United States

5/12/20 – “The most useful form of patience is persistence. Patience implies waiting for things to improve on their own. Persistence implies keeping your head down and continuing to work when things take longer than you expect.” – James Clear

5/11/20 – “The most we can hope for is to create the best possible conditions for success, then let go of the outcome. The ride is a lot more fun that way.” Phil Jackson, Author of Eleven Rings: The Soul of Success

5/8/20 – “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” – Jesse Livermore, Author of Reminiscences of a Stock Operator

5/7/20 – “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” - Jack Schwager, Author of Market Wizards

5/6/20 – “Mastery is an endless quest to reduce effort without reducing effectiveness.” James Clear

5/5/20 – “The market does not know if you are long or short and could not care less. You are the only one emotionally involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way.” Marty Schwartz, Author of Pit Bull

5/4/20 – “As traders we must continually make decisions in an environment of constant uncertainty and ambiguity, where our judgment of right and wrong is constantly being tested and evaluated with money as the measurement.” – Dr. Andrew Menaker, Trading Psychologist

5/1/20 – “First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality.  The beginning, as you will observe, is in your imagination.” Napoleon Hill, Author Think & Grow Rich

4/30/20 – “The difference between a pro trader and an amateur lies not in their methodology, not in their knowledge, but rather in their ability to follow their set of rules.” Yvan Byeajee, Author 200 Money-making Trading Psychology Truths.

4/29/30 – “We don’t need to push ourselves toward a goal when we are drawn toward our calling. That is the purpose of purpose.” Dr. Brett Steenbarger, Author, Trading Psychology 2.0

4/28/20 – “A chatroom tells people what to trade, a community learns how to trade together.” – Norm

4/27/20 – “You should be far more concerned with your current trajectory than with your current results.” – James Clear, Author, Atomic Habits

4/24/20 – Trading is a sport of survival, reinvention, and perseverance, even for the successful trader.” – Mike Bellafiore, Author One Good Trade

4/23/20 – “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas, Author Trading in the Zone

4/22/20 – “Trading without a technical plan causes active traders to experience emotional reactivity and whipsaws. In other words, you are likely to get bullish or bearish at precisely the wrong times.” - Dr. Kenneth Reid, Trading Psychologist

4/21/20 – “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch, Author The Ugly Advantage

4/20/20 – “You need a well-thought-out plan which anticipates all potential scenarios to keep you from making impulsive and emotional decisions during market hours. Trading stocks is a business, and if you want your business to thrive you must have a plan which you execute flawlessly.” - Brian Shannon, Author Technical Analysis Using Multiple Timeframes

4/17/20 – “When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” Mark Douglas

4/16/20 – “Routine is necessary for efficiency; breaking routine is necessary for adaptation.” – Dr. Brett N. Steenbarger

4/15/20 – “Many aspiring traders lack sufficient self-discipline to protect capital during the learning curve. Willpower is not enough because trading challenges us in profound ways.” – Dr. Kenneth Reid

4/14/20 – “We have nothing to have anxiety about except anxiety itself” - MAC

4/13/20 – “There is a huge amount of freedom that is derived from not fighting the market.” – Yvan Byeajee

4/9/20 – “If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.” – Mark Douglas

4/8/20 – “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes [it] is the other way around.” – Martin Schwartz

4/7/20 – When you first step into the markets you are an amateur who is competing with the elite’s professionals. Be ready to handle getting knocked down often till you learn from your failures.

4/6/20 – “I strongly believe that it is not the markets we need to beat, its ourselves.” – Steve Goldstein

4/3/20 – Winning trades are pleasurable, but losers hurt and cost more than money. They also drain your emotional capital. Look at adverse situations as an opportunity to build your mental resilience.

4/2/20 –Just like you need monetary capital to trade, you also need emotional capital to advance as a trader. 

4/1/20 – “No one escapes pain, fear, and suffering. Yet from pain can come wisdom, from fear can come courage, from suffering can come strength – if we have the virtue of resilience.” – Eric Greitens

3/31/30 – Mental Resilience: The process of adapting well in the face of adversity, trauma, tragedy, threats or even significant sources of stress. ~ The American Psychological Association (2014)

3/30/20 – The market’s most fundamental characteristic is that it can express itself in an almost infinite combination of ways and can do virtually anything at any time. From our own individual perspective as observers of the market, anything can happen, and it takes only one trader to do it. – Mark Douglas

3/27/20 – “Trading effectively is about assessing probabilities, not certainties” – Yvan Byeajee

3/26/20 – “Personalizing a pattern you want to change can heighten your motivation to change that pattern and help you sustain that motivation.” – Dr. Brett Steenbarger

3/25/20 – Fear keeps us focused on the past or worried about the future. If we can acknowledge our fear, we can realize that right now we are okay and the only thing we can control is what we do in the present moment.

3/24/20 – Every time you confront fear in the face you gain courage, strength, and confidence. That way the next time you face it, you know you can overcome fear, because you have already lived through the experience.

3/23/20 – “One characteristic I’ve found among successful traders is that they function effectively when they’re not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present.” -Dr. Steenbarger.

3/20/20 – Focusing your mind on the right things has a lot to do with whether you become a consistent profitable trader. As Dr. Brett Steenbarger writes, “The core problem, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.”

3/19/20 – There is no certainty in trading. The sooner you accept uncertainty as an inherent part of trading, the sooner you can release your expectations and focus your mind on what matters. The Process.

3/18/20 – Understanding who you are is key to finding the trading strategy that works for you. As Dr. Brett Steenbarger say, “Try to change who you are and you will fight yourself all the way and then wonder, amidst the resistance, why you lack discipline.”

3/17/20 – Patience is not the ability to wait, but the ability to keep a good attitude while waiting. Trust your trade plan, your time will come. Work hard and eventually the results will come.

3/16/20 – Community offsets loneliness. It gives people a vitally necessary sense of belonging. There remains something about it that is inherently mysterious, miraculous, and unfathomable. Where its success is measured by the compassionate actions of its members.

3/13/20 – As you have seen in the past week, markets are uncertain.  Accept the losses as learning opportunities, accept the wins with appreciation, but above all else, let go of thinking about the outcome and put your focus on the process of executing your trading plan.

3/12/20 – During times like this, all you are able to do is control your performance in the moment. The market is going to determine whether you get paid, so remain calm, focus, and execute your plan like you have done before.

3/11/20 – You will never find fulfillment trading the markets if you do not learn to appreciate and be satisfied with what you already have – Yvan Byeajee

3/10/20 – If you are stuck in a never-ending battle where you keep repeating the same mistakes, remember, you cannot change what you cannot face, and you cannot face what you do not know. If you want to change your trading performance, then you must face your biggest enemy. (Yourself)

3/10/20 – If you are stuck in a never-ending battle where you keep repeating the same mistakes, remember, you cannot change what you cannot face, and you cannot face what you do not know. If you want to change your trading performance, then you must face your biggest enemy. (Yourself)

3/9/20 – Market success does not have to come fast, maintain risk management, persist, stay in the game, and eventually you will reach a level of proficiency you are satisfied with. Trade safe today.

3/6/20 – “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K. Tharp

3/5/20 – Self-Discipline is that mental state of commitment, which gets you perform at peak levels during the moment regardless of your feelings.

3/4/20 – Discipline is being able to force yourself to do something, in spite of how you feel, over and over until it becomes an essential part of you where you no longer have to think about doing that something, instead you just do it. 

3/3/20 – A trading approach may be sound on paper, but if it involves levels of risk and activity that are difficult for you to tolerate, it will not yield profits in actual trading. – Dr. Brett Steenbarger

3/2/20 – Successful traders seem to lose and drawdown every bit as much as unsuccessful ones. It is their ability to control those losses and bounce back from them that generates a career in trading.

2/27/20 – If you look at any person who is honestly seeking a higher level of success, they are usually waking up early, studying and learning lots, seeking advice and feedback, and creating, testing, and failing. – Dr. Benjamin Hardy

2/26/20 – Each trade is independent from one another. So, forget about yesterday, today is another day, independent from yesterday. What occurred yesterday only has an impact on today if you allow it too.

2/25/20 – When you find yourself breaking rules, this lapse in disciple may be a signal that there is a lack of fit between you and what your rules demand. The answer is not to blame yourself, but use these lapses as information to determine what the conflict is between your methodology and your personality.

2/24/20 – Trade what you are good at, not what you like.

2/20/20 – If you want to be a disciplined trader, the process starts with being disciplined outside of trading. 

2/19/20 – Discipline is a technique and can be learned by anyone. When you think another person is discipline at say “stopping out”, in reality you think they are disciplined, because they can do something you struggle with. In reality the person just has a set of beliefs that assist them with accomplishing their goals.

2/18/20 – Your beliefs about work and action will drive how you trade and could be the basis for a lack of discipline in your trading. You do not have to be in a trade to be trading. Sitting on your hands and waiting for your setup is a position.

2/14/20 – “The best traders have evolved to the point where they believe, without a shred of doubt or internal conflict, that “Anything can happen.” ~ Mark Douglas

2/13/20 – No amount of accumulated knowledge will allow you to control the outcome of your trades, all you can control is your performance during the trade.

2/12/20 – When you turn a blind eye to an internal struggle you keep yourself stuck in a self-limiting pattern. If you have problems with trade entries, trade management, or exiting trades, you will find a debate going on beneath the surface of your awareness. ~ Rande Howell

2/11/20 – As humans we prefer certainty in a situation because we can control the outcome; however, when we trade, we give up that control to the markets and instead choose to introduce uncertainty. Surrender to the market and don’t try to win or not lose. Accept that the outcome on any single trade is unknowable.

2/10/20 – The decisions you make while trading are always in the heat of the moment; therefore, the goal for a trader is the to develop the ability to control your actions at that moment despite uncertainty and discomfort.

2/7/20 – Figure I go with a question for everyone to ponder over the weekend. What are you really trading and how does it affect your performance? The market, your P/L, or your feelings in relation to your P/L.

2/6/20 – Self-awareness & emotional awareness is the beginning of change as it is the building block to moving past your limits and barriers.

2/5/20 – How you respond to the discomfort that comes with uncertainty regularly throughout the day, will ultimately determine what defines you as trader.

2/4/20 – Emotions are like water. Water will always find an outlet, where the outlet for emotions is in the form of your behavior while you trade. Today when in a trade ask yourself, “Am I acting in my own best interest right now.”

2/3/20 – Focusing on P/L leads to emotional trading, instead hyper focus on the execution and performance of each trade.

1/31/20 – Just like you use a Trading journal to develop your Mechanical & Technical skills, you should also have a Psychology journal to assist you in identifying behavior actions that are aiding or harming your growth as a trader. 

1/30/20 – You can only endure the uncertainty of the trade that moves in your favor by seeing – in your own experience – that the discomfort is indeed endurable, and that you gain far more than you lose by sticking with your planned trades. – Dr. Brett Steenbarger

1/29/20 – For success, look for a trading style that best suits your personality. Trying to trade a style that is not compatible with your personality is like trying to fit a square block into the circle hole on a child’s toy. It just does not work.

1/27/20 – Life is precious, incredibly short, and unpredictable. Live your dreams, hug your loved ones often, and remember your trading account is not a measurement of your personal worth, but a measurement of the effectiveness of your trading plan.

1/23/20 – Before you can become the trader you want to become; you first must become aware of yourself. As Dr. Steenbarger states, “Many Traders don’t really know what they do best; they’re invisible to themselves.”

1/22/20 – You can go through life and work around a couple of bad character traits, but in trading your weaknesses stalk you. Are you willing to face them, as conquering them is the path to success

1/21/20 – Self-Evaluation is the gateway to understanding your uncontrollable actions during trading. Focus on what you do good so you can repeat it, but do not neglect where you need to improve.

1/17/20 – Negative thoughts are inevitable; the question is whether you buy into them. – Dr. Brett N. Steenbarger

1/16/20 – Identify what your strength is in trading, then build a trading plan that maximizes that strength. For me I leverage discipline.

1/15/20 – Make your weakness your friend. Do not hide, rationalize, or justify a weakness to yourself; rather, embrace it and transform it into a strength by giving it the attention it needs.

1/14/20 – If there is a secret in trading it is “You”.

1/13/20 – When life changes, accept those changes as an opportunity to experience life in a different way.

1/8/20 – You are going to be wrong and there is nothing you can do about it. Therefore, the question is do you have what it takes to change your mindset from certainty-based thinking to probability thinking.  I highly recommend attending the success webinar today and listening to Rande Howell discuss this proposition.

1/7/20 – Under the stress of uncertainty, history is what you hear in your head – Rande Howell

1/6/20 – There are 3 doors, behind 2 is success but behind the other door is your worst nightmare. Are you willing to open a door?

[RealEstateDayTrader 9]

@Mike BThanks for putting this together