Master the Three Parts of Trading Education

The Three Parts of Trading Education: Mechanical, Technical, and Psychological

• Trading education has three parts: mechanical, technical, and psychological.

• The mechanical aspect of trading involves learning to use the tools of the trade, including software, scanners, brokers, and news feeds.

• The technical aspect of trading involves learning how to build a watchlist, find the Stocks in Play, identify and practice strategies, find patterns, and learn about positions.

• Chapter 3 discusses how to find the Stocks in Play and Chapter 4 teaches how to define proper support and resistance levels.

• Chapter 5 discusses price action, trade management, and reading chart patterns.

• Chapter 6 explains the main trading strategies, while Chapter 7 provides thoughts on risk management.

• The psychological aspect of trading is the most challenging part and includes emotional trading, fear, greed, revenge trading, and not being in an appropriate mindset.

• The psychological aspect of trading is often emphasized as being 80% of success in trading.

• Resilience is a key attribute for successful trading, and it involves learning to control emotions and developing self-discipline and excellent money management.

• Trading is a minus-sum game, and many fees are involved in trading, making it a challenging career.

• Day trading requires discipline and preparation, treating it as a profession rather than a hobby.

• Learning about the psychological aspect of trading is crucial to success, and there are courses, books, and resources available to help traders develop this skill.Resilience: The Key to Success in Trading and Business

• The author lost his job and savings but persisted in trading, even switching to a simulator while working another job.

• Resilience is often realized after the fact, and it is a crucial factor in determining success or failure.

• Morgan Stanley's resilience and preparedness program enabled them to evacuate employees quickly during the 9/11 attack, resulting in only seven employees lost.

• The company had recognized the vulnerability of working in the World Trade Center after the 1993 bombing and implemented a serious program of preparedness.

• Resilience can be learned and taught systematically by individuals, communities, and organizations.

• Genetics may play a role in resilience, but evidence shows that it can be developed.

• The movie "The Founder" highlights the importance of persistence and determination in achieving success.

• Resilience is crucial not only in trading and business but also in sports such as the Olympics and Paralympics.

• Talent, education, and experience are not enough to guarantee success without resilience.

• Successful traders are resilient and train themselves to survive before the need arises.

• Resilience enables people to endure and survive extraordinary hardship when faced with reality.

• Morgan Stanley's preparedness program may have seemed redundant to employees before 9/11 but proved to be crucial for their survival.

The Three Parts of Trading Education: Mechanical, Technical, and Psychological

• Trading education has three parts: mechanical, technical, and psychological.

• The mechanical aspect of trading involves learning to use the tools of the trade, including software, scanners, brokers, and news feeds.

• The technical aspect of trading involves learning how to build a watchlist, find the Stocks in Play, identify and practice strategies, find patterns, and learn about positions.

• Chapter 3 discusses how to find the Stocks in Play and Chapter 4 teaches how to define proper support and resistance levels.

• Chapter 5 discusses price action, trade management, and reading chart patterns.

• Chapter 6 explains the main trading strategies, while Chapter 7 provides thoughts on risk management.

• The psychological aspect of trading is the most challenging part and includes emotional trading, fear, greed, revenge trading, and not being in an appropriate mindset.

• The psychological aspect of trading is often emphasized as being 80% of success in trading.

• Resilience is a key attribute for successful trading, and it involves learning to control emotions and developing self-discipline and excellent money management.

• Trading is a minus-sum game, and many fees are involved in trading, making it a challenging career.

• Day trading requires discipline and preparation, treating it as a profession rather than a hobby.

• Learning about the psychological aspect of trading is crucial to success, and there are courses, books, and resources available to help traders develop this skill.Resilience: The Key to Success in Trading and Business

• The author lost his job and savings but persisted in trading, even switching to a simulator while working another job.

• Resilience is often realized after the fact, and it is a crucial factor in determining success or failure.

• Morgan Stanley's resilience and preparedness program enabled them to evacuate employees quickly during the 9/11 attack, resulting in only seven employees lost.

• The company had recognized the vulnerability of working in the World Trade Center after the 1993 bombing and implemented a serious program of preparedness.

• Resilience can be learned and taught systematically by individuals, communities, and organizations.

• Genetics may play a role in resilience, but evidence shows that it can be developed.

• The movie "The Founder" highlights the importance of persistence and determination in achieving success.

• Resilience is crucial not only in trading and business but also in sports such as the Olympics and Paralympics.

• Talent, education, and experience are not enough to guarantee success without resilience.

• Successful traders are resilient and train themselves to survive before the need arises.

• Resilience enables people to endure and survive extraordinary hardship when faced with reality.

• Morgan Stanley's preparedness program may have seemed redundant to employees before 9/11 but proved to be crucial for their survival.

The Three Parts of Trading Education: Mechanical, Technical, and Psychological

• Trading education has three parts: mechanical, technical, and psychological.

• The mechanical aspect of trading involves learning to use the tools of the trade, including software, scanners, brokers, and news feeds.

• The technical aspect of trading involves learning how to build a watchlist, find the Stocks in Play, identify and practice strategies, find patterns, and learn about positions.

• Chapter 3 discusses how to find the Stocks in Play and Chapter 4 teaches how to define proper support and resistance levels.

• Chapter 5 discusses price action, trade management, and reading chart patterns.

• Chapter 6 explains the main trading strategies, while Chapter 7 provides thoughts on risk management.

• The psychological aspect of trading is the most challenging part and includes emotional trading, fear, greed, revenge trading, and not being in an appropriate mindset.

• The psychological aspect of trading is often emphasized as being 80% of success in trading.

• Resilience is a key attribute for successful trading, and it involves learning to control emotions and developing self-discipline and excellent money management.

• Trading is a minus-sum game, and many fees are involved in trading, making it a challenging career.

• Day trading requires discipline and preparation, treating it as a profession rather than a hobby.

• Learning about the psychological aspect of trading is crucial to success, and there are courses, books, and resources available to help traders develop this skill.Resilience: The Key to Success in Trading and Business

• The author lost his job and savings but persisted in trading, even switching to a simulator while working another job.

• Resilience is often realized after the fact, and it is a crucial factor in determining success or failure.

• Morgan Stanley's resilience and preparedness program enabled them to evacuate employees quickly during the 9/11 attack, resulting in only seven employees lost.

• The company had recognized the vulnerability of working in the World Trade Center after the 1993 bombing and implemented a serious program of preparedness.

• Resilience can be learned and taught systematically by individuals, communities, and organizations.

• Genetics may play a role in resilience, but evidence shows that it can be developed.

• The movie "The Founder" highlights the importance of persistence and determination in achieving success.

• Resilience is crucial not only in trading and business but also in sports such as the Olympics and Paralympics.

• Talent, education, and experience are not enough to guarantee success without resilience.

• Successful traders are resilient and train themselves to survive before the need arises.

• Resilience enables people to endure and survive extraordinary hardship when faced with reality.

• Morgan Stanley's preparedness program may have seemed redundant to employees before 9/11 but proved to be crucial for their survival.

The Three Parts of Trading Education: Mechanical, Technical, and Psychological

• Trading education has three parts: mechanical, technical, and psychological.

• The mechanical aspect of trading involves learning to use the tools of the trade, including software, scanners, brokers, and news feeds.

• The technical aspect of trading involves learning how to build a watchlist, find the Stocks in Play, identify and practice strategies, find patterns, and learn about positions.

• Chapter 3 discusses how to find the Stocks in Play and Chapter 4 teaches how to define proper support and resistance levels.

• Chapter 5 discusses price action, trade management, and reading chart patterns.

• Chapter 6 explains the main trading strategies, while Chapter 7 provides thoughts on risk management.

• The psychological aspect of trading is the most challenging part and includes emotional trading, fear, greed, revenge trading, and not being in an appropriate mindset.

• The psychological aspect of trading is often emphasized as being 80% of success in trading.

• Resilience is a key attribute for successful trading, and it involves learning to control emotions and developing self-discipline and excellent money management.

• Trading is a minus-sum game, and many fees are involved in trading, making it a challenging career.

• Day trading requires discipline and preparation, treating it as a profession rather than a hobby.

• Learning about the psychological aspect of trading is crucial to success, and there are courses, books, and resources available to help traders develop this skill.Resilience: The Key to Success in Trading and Business

• The author lost his job and savings but persisted in trading, even switching to a simulator while working another job.

• Resilience is often realized after the fact, and it is a crucial factor in determining success or failure.

• Morgan Stanley's resilience and preparedness program enabled them to evacuate employees quickly during the 9/11 attack, resulting in only seven employees lost.

• The company had recognized the vulnerability of working in the World Trade Center after the 1993 bombing and implemented a serious program of preparedness.

• Resilience can be learned and taught systematically by individuals, communities, and organizations.

• Genetics may play a role in resilience, but evidence shows that it can be developed.

• The movie "The Founder" highlights the importance of persistence and determination in achieving success.

• Resilience is crucial not only in trading and business but also in sports such as the Olympics and Paralympics.

• Talent, education, and experience are not enough to guarantee success without resilience.

• Successful traders are resilient and train themselves to survive before the need arises.

• Resilience enables people to endure and survive extraordinary hardship when faced with reality.

• Morgan Stanley's preparedness program may have seemed redundant to employees before 9/11 but proved to be crucial for their survival.

The Three Parts of Trading Education: Mechanical, Technical, and Psychological

• Trading education has three parts: mechanical, technical, and psychological.

• The mechanical aspect of trading involves learning to use the tools of the trade, including software, scanners, brokers, and news feeds.

• The technical aspect of trading involves learning how to build a watchlist, find the Stocks in Play, identify and practice strategies, find patterns, and learn about positions.

• Chapter 3 discusses how to find the Stocks in Play and Chapter 4 teaches how to define proper support and resistance levels.

• Chapter 5 discusses price action, trade management, and reading chart patterns.

• Chapter 6 explains the main trading strategies, while Chapter 7 provides thoughts on risk management.

• The psychological aspect of trading is the most challenging part and includes emotional trading, fear, greed, revenge trading, and not being in an appropriate mindset.

• The psychological aspect of trading is often emphasized as being 80% of success in trading.

• Resilience is a key attribute for successful trading, and it involves learning to control emotions and developing self-discipline and excellent money management.

• Trading is a minus-sum game, and many fees are involved in trading, making it a challenging career.

• Day trading requires discipline and preparation, treating it as a profession rather than a hobby.

• Learning about the psychological aspect of trading is crucial to success, and there are courses, books, and resources available to help traders develop this skill.Resilience: The Key to Success in Trading and Business

• The author lost his job and savings but persisted in trading, even switching to a simulator while working another job.

• Resilience is often realized after the fact, and it is a crucial factor in determining success or failure.

• Morgan Stanley's resilience and preparedness program enabled them to evacuate employees quickly during the 9/11 attack, resulting in only seven employees lost.

• The company had recognized the vulnerability of working in the World Trade Center after the 1993 bombing and implemented a serious program of preparedness.

• Resilience can be learned and taught systematically by individuals, communities, and organizations.

• Genetics may play a role in resilience, but evidence shows that it can be developed.

• The movie "The Founder" highlights the importance of persistence and determination in achieving success.

• Resilience is crucial not only in trading and business but also in sports such as the Olympics and Paralympics.

• Talent, education, and experience are not enough to guarantee success without resilience.

• Successful traders are resilient and train themselves to survive before the need arises.

• Resilience enables people to endure and survive extraordinary hardship when faced with reality.

• Morgan Stanley's preparedness program may have seemed redundant to employees before 9/11 but proved to be crucial for their survival.