5 Ways To Get Into the Mind of Professional Traders

Learning from people who have been successful in the stock market is one of the best ways to give yourself a strong investing foundation, and also to create and refine your own personal strategy, based on techniques and fundamentals that have worked for other traders.

You may not know any professional traders in person, so what are the best ways to get in their mind and learn from all that they know without having a personal relationship?

1. Social Media

Social media is one of the best ways to really delve into what professional traders and stock market gurus are thinking, what’s on their radar, and what they’re interested in, in real time. Take the time to find a few traders who appeal to you, and follow them on social media sites. Twitter is a particularly valuable platform for this kind of approach, and you’ll be surprised at how active many traders are on social media. For example, even Carl Icahn, one of the most famous investors in the world, is on Twitter.

2. Webinars

There are fantastic webinars all over the internet for people interested in learning more about trading, whether they’re just starting out, or they want to learn about more advanced topics. For example, on Trader Planet, Greg Firman hosts webinars three times a week, showing trades he’s already made as well as those that he plans on taking advantage of. These webinars are an excellent way to gain a perspective into what full-time traders are doing, and you can get invaluable insight as to how he evaluates his decisions before making them.

3. Blogs

You could be surprised to see just how many of the world’s top traders maintain blogs and regularly update them. Timothy Sykes is one example. The penny stock trading expert maintains a blog where he shares everything from his favorite tips and tricks to reviews from the students of his popular Millionaire Challenge. Another great blog is The Reformed Broker, from Josh Brown. If you follow financial reporting, you might have seen Brown on The Halftime Report on CNBC, as he’s a regular contributor. The Reformed Broker covers not only the markets but also general economics, culture, and politics, all of which can factor into your investment decisions.

4. Interviews

Stock market pros and whiz kids are almost always willing to share their secrets in the form of interviews. Follow your favorite financial news channels like CNBC to see who their interviews and commentators are going to be, and also look online for recorded interviews. You can glean a lot of valuable information by just listening to what great investors say in these interviews, panel discussions and one-on-ones.

5. Books

Learning the ropes of trading and investing like an expert does require you spend some time studying, and a good way to understand the mind of these experts is through books. Books that focus on the psychology of the trader include “You Can Be a Stock Market Genius” by Joel Greenblatt, as well as “The Intelligent Investor” by Benjamin Graham, which is considered to be the ultimate trading guide, even revered by the likes of Warren Buffett.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top