All posts by Dr. Kenneth Reid

Moving Beyond Fear FREE Webinar

If you want to learn more about how to master your emotions and acquire the tools to help you manage fear in the moment while your trading, be sure and watch the this recording of Dr. Reid’s FREE Webinar for Moving Beyond Fear! CLICK HERE to learn more!

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Moving Beyond Fear

The bottom line is… if fear runs your trading it will block your success… and there’s a way to get off the emotional roller coaster and it’s the opposite of what most traders try to do. Dr. Reid can’t delve into everything in today’s short video, but if you want to learn more about how […]

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The Money Trap

What is the Money Trap? If you’re a trader who: 1) tightens stops too soon, 2) brings your stop to breakeven too quickly, or 3) takes off winners too fast… you’re in the Money Trap… and it can cause losses to get out of hand. Be sure to watch this short video to learn more. […]

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4 Simple Steps to Trading Mastery

In this video Dr. Reid reveals an easy 4-Step method to master the same peak performance training techniques used by Olympic athletes and Navy Seals. CLICK HERE to learn more!

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Perfect Practice Makes Perfect

I think you would agree that for aspiring traders, job #1 is to become consistently successful before your risk capital runs out, right? Be sure and watch this video to learn how to practice to achieve near perfect execution. CLICK HERE to learn more!

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Waiting for an Ambush?

We have had choppy action in the major indices this past week, In such an environment, the market often zigs when we expect it to zag. This unpredictable behavior naturally puts us on high alert because both Danger and Opportunity seem to arise quite suddenly. We are either waiting to pounce or waiting for an […]

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Dr. Reid’s 2-minute Trader Clinic – Avoiding Whipsaws

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.

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Dr. Reid’s 2-Minute Trader Clinic- Timing is Everything

According to Jesse Livermore, good timing starts with a reason to put on a trade. If your trading plan is too discretionary, you risk opening the door to intuitive, gut-based trading, which may take you into Trader Hell. If you are getting whipsawed, check your Trading Plan for excess discretion.

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Dr. Reid’s 2-minute Trader Clinic – The Daytrader’s Fear of Heights

Trend following is harder than it looks. In a strong uptrend, you are likely to experience a fear of heights. Don’t rationalize your emotions with irrelevant reasoning. Have the courage of Forrest Gump and follow your Trading Plan.

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Dr. Reid’s 2-Minute Trader Clinic – The Zen of Trading Part 2

When we make a mistake in trading it can be difficult to admit we are wrong. One game traders play with ourselves is to fade the move we missed. This usually means entering a counter-trend trade and in a strong trend the results can be disastrous. The Zen of Trading says to be as detached as possible about being wrong, missing out or leaving money on the table so we don’t make matters worse.

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