Recent content by Dr Gary Dayton

I am often asked by traders I meet, "How do I become a successful trader? What does it really take?" In any endeavor - whether the goal is to become a competent trader, surgeon, athlete, psychologist, musician, lawyer, or pilot - the path is the same: Dedication to the goal, a lot of hard work...

Apply Deep Practice and Elevate Your Trading Many traders may believe that the reason success eludes them is due to their natural talents. They may think that their level of intelligence is not quite adequate, or their personality makeup, perceptual ability, temperament or other inborn traits...

Trading Psychology - Learn from Tennis Champions to Develop Mental Toughness Occasionally, we get to 'look' inside the mind of a great performer. This year's programming for the Wimbledon Tennis Championships offered such an opportunity. What many consider the greatest tie-break in tennis...

Here is an example of using the Bar-by-Bar method to read the market based on its own actions via Wyckoff Method of Market Analysis. This example shows how to integrate background conditions or market structure, trend lines, multiple time frames, and the individual bars as it unfolds on the...

Many traders do not use volume in their market analysis and trading. They rely on price bar patterns and technical indicators. Price alone can be misleading and technical indicators frequently signal miss-fires. Understanding the interaction of price and volume can help put the trader on the...

The Australian Open Tennis Championship is now over and there is a lot we as traders can learn about trading psychology from the men's final between Roger Federer and Andy Murray. Federer, arguably the best player to ever have swung a tennis racquet, beat Andy Murray, the British hopeful, in...

Many traders seem to know that a trading journal can be important to their success, but when asked why this is so, they draw a blank. Many traders do not understand how a trading journal can be a vital tool for self-development. This may be one of the reasons why many traders don't bother with...

Three Trading Psychology Tips to Better Handle Losses Recently, I was asked by a trader if there was a medication available to help to keep the trader's mood up after a loss. This trader takes losses hard; he was looking for a way to not feel so bad when the inevitable losses occurred. This is...