Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture Credit-Eligible Course, participants could use their SkillsFuture credits to pay for the course instead of cash.Thanks…
Success breeds confidence
Baby steps to giant strides
Confidence in your (i) ability (ii) system
Hesitation to pull the trigger
One more bar syndrome
Burnt finger anxiety
Mental reset – one good trade!
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Build-Confidence-in-Trading-1.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:542021-10-04 19:08:28How to Build Confidence in Trading
Focus your energy on what’s important
Letting go of the outcome
You cannot control the outcome, but you can control your actions and emotions
Do not focus on the $ and P&L fluctuations
Sports analogy: Don’t focus on the score!
Big…
https://synapsetrading.com/wp-content/uploads/2021/07/What-is-Your-Circle-of-Control-in-Trading-1.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:442021-10-09 15:44:40What is Your Circle of Control in Trading?
Do not take profits until there is a good reason to do so
The Chicken parable
Do not count your profits until they are realised
Accept that you will have to give some profits back to the market
Do not become complacent or greedy after a…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Manage-Winning-Trades-with-the-Correct-Trading-Psychology.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:402021-10-04 19:09:15How to Manage Winning Trades with the Correct Trading Psychology
Trade what you see, not what you think
Being objective despite having open positions
Anticipate, but only act when market confirms your opinion
When you see danger, get out first!
Clear all positions to have a neutral frame of mind&…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Develop-Mental-Agility-in-Trading.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:382021-10-04 19:09:09How to Develop Mental Agility in Trading
Many new to trading have the tendency to liquidate positions that show a small profit, yet they keep those positions that show a loss as are unwilling to take a loss, in hope that prices will rebound.Such a counter-intuitive strategy will…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Manage-Losing-Trades-with-the-Correct-Trading-Psychology.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:24:502022-12-21 02:26:09How to Manage Losing Trades with the Correct Trading Psychology
Timing is an essential element in trading and investing.For any product or market, if you buy and sell at the right time, you can make a lot of money, but if you get the timing wrong, you can also lose a lot of money.And to get this…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Develop-Patience-Discipline-in-Trading.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:20:042022-12-19 02:20:23How to Develop Patience & Discipline in Trading
Knowing all the different cognitive biases and dangers of emotional decision-making can make us more aware of whether we are thinking logically and making the right decisions.But it can hard to be on 100% alert all the time, especially on…
https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg00Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:14:362021-10-04 19:15:45Best Habits to Improve Trading Psychology
To help traders and investors overcome the problem of emotions in decision-making, the first step is to be aware of the situations in which we might exercise flawed thinking, in the form of cognitive biases.Cognitive biases are systematic…
