Dr. Doug, the market coach, can be seen on CNBC and you can learn more about him and gain market psychology knowledge by visiting http://blog.drdoug.com.
Market Coach Doug Hirschhorn discusses how traders can adjust risk and put themselves in a strong position at the end of the year.
Choppy markets can cause investors to bleed out profits. To stay ahead in the trading game, you have to avoid buying into these five common false beliefs about Trading the Markets:1) What goes up must come down and vice versa. That’s Newton’s law, not the law of trading. And even if the market does eventully self-correct, you have no idea when it will happen. In short, there’s no point blowing up your account fighthing the tape.2) You have to be smart to make money. No, what you have to be is ...
In uncertain markets, it can be easy for a trader to lose both focus and discipline. Here’s a recent e-mail I received from a currency trader. “Dr. Doug: I made the critical mistake, this week, of turning my long-term bearish thesis about instability in Europe and the falling Euro into a short-term trade. I was so afraid to miss out on the big move that I started shorting the rally and got squeezed out near the top. Now the Euro’s falling out of bed and I’m sick to my stomach thinking about wh...
(Video: Market coach Doug Hirschhorn, PhD, discusses different trader personality types and how you can take advantage of them.)Is there an ideal trader personality? In my opinion, no. Actually, it’s more important to develop your own style based on your own personality. For example, if you’re analytically minded, you should have a trading style that focuses more on data, technicals or fundamentals, and less on price action. If you're an "intuitive" person, you should establish a style that ha...
HOLLYWOOD (CBS4) ― 1 of 1 CBSA South Florida man who has made a career out of helping others succeed has written a book with the goal of making readers great. "You want to think about what your competitive advantage is," said Dr. Doug Hirschhorn to a group of boxers at the Heavyweight Factory in Hollywood. Hirschhorn spoke to them about ways to improve their performance. Hirschhorn, who began motivating athletes, now works with regular people and has now written a book called 8 Ways to Great. ...
(Market coach Doug Hirschhorn, PhD, advises investors on how to trade like a Super-Bowl-winning QB.)Last November, three-time Super Bowl winner and legendary quarterback, Tom Brady, described Saints quarterback, Drew Brees, as a player who really loves the game, throws a great ball, is really good mechanically and a great worker. Last week, we watched Brees hit all four of those characteristics and deliver an A-caliber performance as he led the Saints to their first ever Super Bowl victory. I’...
(Video: Market coach Doug Hirschhorn, PhD, advises investors on how to navigate this tricky "traders' market.")As you’ve probably heard by now, we’re in what’s commonly referred to as a “traders market.” This type of market is tricky even for elite traders, which is why I want to share with you four things you need to keep in mind to be profitable.Take a tactical approach Like a surgeon, you have to pay close attention to where you enter and where you exit. One small mistake can cost you big t...
You can learn more about the full version of this audio/video presentation by visiting its detail page. In this final part of our 3 part "Trading is a Business" series, you'll learn how to put the game plan together. You'll learn to construct a solid trading game plan. Flexibility leads to consistency, and consistency leads to consistent/succesful trades. You'll also learn how to prepare for the unknown. This means that you'll always know the "WHY" behind every trade...in both directions: in a...
This video is only a sample of the full version.Part two begins your training by putting you in control. Finally, you'll have the tools to place yourself into a self-control zone that will have you in control of when and how you trade. Next, you'll learn how to make yourself accountable. Forget about where you've been placing your blame. If you are in control of your emotions, and you learn how to make yourself accountable, then you'll be less likely to make the same mistakes that you've been ...
Part one of this exciting series provides you with the skills to create the vision. You'll learn what a trader's vision should look like. Why create a vision? Trading visions aren't like Business Visions. Each have their place, but they're both very important. You'll also learn the 4-steps that you'll need to create YOUR trading vision for success.You've probably heard of goals before...but do you know how goals are different from visions? Watch this first part in this series to learn the deta...