Key Trading Psychology Concepts from A.J. Monte: Core Emotional Drivers: Monte identifies fear and greed as "the two main emotions which drive volatility" (08/17/18) Trading Lesson: Avoid Stress, Fatigue That Can Cause You to Lose in the markets. He explains that greed motivates investors to enter the market (driving prices higher), while fear causes them to exit (driving prices lower). Physical and Mental Wellness: Monte emphasizes that trading requires an athlete-like approach to physical and mental health. He advocates for proper nutrition, adequate sleep, regular exercise, and stress management as essential components of successful trading psychology. Personal Experience with Stress: Monte shares his own cautionary tale from the 1987 market crash, where he suffered significant losses due to stress, fatigue, anxiety, and poor diet affecting his decision-making. He stayed awake nights trading London markets while commuting to Manhattan, leading to physical symptoms like sweating palms and shaking hands. Practical Recommendations: If trading causes sleep loss, stop trading until you can remove the emotional component Use trailing stops to manage both losses and protect profits Focus on chart analysis rather than emotions when making decisions Ask yourself: "If I didn't have a position, would the technical signals tell me to buy right now?" Resource Recommendations: Monte suggests reading "Investment Psychology Explained" by Martin Pring, which he considers essential reading for understanding investor psychology and was required for his CMT certification. Monte's approach emphasizes that he has "more than twenty-five years' experience in the financial industry" A. J. Monte Archives - Sacred Traders and is part of The Market Guys team, which provides educational content for E*TRADE's customers. His focus appears to be on practical risk management and emotional discipline rather than purely theoretical psychology.
Gareth Soloway's Core Trading Psychology Principles Soloway's trading system focuses on "psychology, discipline, tactics" as fundamental components, emphasizing the importance of developing discipline and understanding psychology alongside chart reading and trading setups. Verified InvestingKartra He stresses that "discipline is key in trading, extending beyond the markets to daily habits and mindset, including accomplishing tasks, staying physically fit, and avoiding chasing stocks or crypto." Trading Psychology: Definition, Examples, Importance in Investing This holistic approach suggests that trading discipline must be cultivated in all areas of life. The Winning Mindset In his courses, Soloway covers "the strategies and rules of a winning trader, including the 10% Rule, planning the first trade, being prepared for any scenario, and developing a winning mindset." The best trading tips you'll hear: Gareth Soloway's principles to becoming a master t - Psychology and Money Management His advice is characterized as "simple, yet powerful: commit to the process, fine-tune your entry prices, and be willing to learn." Trading Psychology: Why Behavior Matters for Traders Market Psychology Insights Soloway identifies critical psychological patterns that traders should recognize, such as how "extreme price targets emerging on social media as assets approach new highs" Master Stocks with Gareth Soloway's Winning Strategies can signal dangerous market sentiment. His "PPT Method" incorporates "technical analysis, chart patterns, and market psychology to anticipate market movements and make informed trades" while emphasizing "the importance of risk management." (PPT stands for price - pattern - time.) Emotional Management Soloway teaches traders how to "separate emotion from trading decisions," Trading Psychology: Definition, Examples, Importance in Investing which is crucial for maintaining objectivity in volatile markets. Soloway's approach to trading psychology appears to center on developing comprehensive discipline that extends beyond just market activities, maintaining emotional control, and understanding broader market psychology patterns that can influence trading decisions.
From what Claude.ai found, Peter Reznicek emphasizes several key psychological aspects in trading: Chart Pattern Psychology: Reznicek teaches that "these emotional and psychological underpinnings exist behind all charts and all patterns" and that "every mark on every chart is an individual or institutional's vote as to where they think price will go next." Applying the Psychology of Chart Patterns to Trading the SPYs He advocates for traders to analyze current price action by considering "who is greedy and who is fearful" to help predict future market movements. Position Sizing Psychology: Regarding position sizing, Reznicek states "The whole thing with sizing is nothing more than just psychological and getting yourself into that mode of not being afraid of it." EXCLUSIVE: ShadowTrader's Peter Reznicek On His Early Days, Tips For Success And Evolution - SPDR S&P 500 (ARCA:SPY) - Benzinga This suggests he views overcoming fear as a crucial psychological component of successful trading. Market Internals Focus: He's noted for teaching about "multiple time frames and market internals such as ticks," Anne-Marie Baiynd - Wikipedia which suggests he emphasizes understanding the deeper psychological drivers behind market movements rather than just surface-level price action. Reznicek appears to focus on the psychological drivers behind market movements and chart patterns, emphasizing that successful trading requires understanding the emotional states of market participants and overcoming personal psychological barriers like fear around position sizing.
Good single stocks worked better for Buffet than me LOL.SPY, splg + sometimes SSO .....maybe more kind to me...... Good ads may help; I just heard dr Daniel Amen say dont look @ your smart phone first thing early, your mind IS too easily influenced that eary , learned that to day. Buffer did good @ silver onnce As far as his[ Dr Daniel amen ,not Buffet LOL] avoid eating processed food. LOL may not help trading investing ; may help health, Unrealized P+L, not much help/ good glance occasionaly .Dave ramsey favorite kids/billionaire book/ Turtle + Rabbit Race, ''little things '' help , not much \but fun read ....................... Junk copper+ hi grade/ lower grade maybe ok long term term .....