TRADING PSYCHOLOGY

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I am paraphrasing an email I received today:

Thus, if you over think or over analyze your trade, try to force it, or try to be too perfect with your performance, you are guilty of getting in your own way.

Most of the time, traders get in their own way because of fear of failure or perfectionism.

When you get out of your own way, you allow yourself to trade freely without expectations or pressure. You allow yourself to just do it and trust in your skills.

Two mental keys can help you get out of your own way:

(1) Understand the core issue that blocks your performance and cope better with this, such as fear of failure, fear of embarrassment, or perfectionism.

(2) Learn how to let go and trust what you have trained yourself to do in practice. We call this the performance mindset.
 
Very nice energetic vids, that addressing the core problem that most of the peeps have with trading. Wish i saw these a while back,when i began to trade.. Very good job!! :thumbsup:

Consistently inconsistent made me laugh... Luv'it ;D ;D
Altough i would disagree with your statements about indicators.. The right ones with the right settings can be huge help to determine if the market conditions favorable.. Just my 2 cents..
Cheers,
piper
 
Piper said:
Very nice energetic vids, that addressing the core problem that most of the peeps have with trading. Wish i saw these a while back,when i began to trade.. Very good job!! :thumbsup:

Consistently inconsistent made me laugh... Luv'it ;D ;D
Altough i would disagree with your statements about indicators.. The right ones with the right settings can be huge help to determine if the market conditions favorable.. Just my 2 cents..
Cheers,
piper
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Hello piper:

Each trader must find their own way. Doesn't matter if they use indicators or not so long as they are consistently profitable.

Thank you for your kind words.
 
Nice enthusiastic vids, that tending profoundly issue that a large portion of the peeps have with exchanging. Wish I saw these some time back,when I started to exchange.. Awesome employment!! :thumbsup:

Reliably conflicting made me chuckle... Luv'it ;D

Altough I would differ with your announcements about markers.. The correct ones with the correct settings can be enormous assistance to decide whether the economic situations great.. Simply my 2 pennies..

Good wishes,
 
Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.
 
Akwin said:
Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.
Click to expand...
I strongly agree, your mindset will ultimately define your reactions during losing trades or large profits – will you be able to stay calm during these events and avoid reacting based on emotions?
 
The successful investor controls fear and greed, the two human emotions that drive that sentiment. Understanding this can give you the discipline and objectivity needed to take advantage of others' emotions.
 
This guy is a dinosaur. And a wonderful one at that. A dinosaur because he has sort of an old school mentality of helping others without robbing them. He does not try to sell education Like many others. I have been watching him for over two years now. He has given thousands of indicators away. And not just crappy indicators. Indicators that provide statistics. Many of the people out there take existing indicators and add bells and whistles, like adding lipstick to a pig. Not the Rumpled One. Oh sure I have given him a donation, but not for the indicator. Rather because he puts his time into the indicators that he has given out. If you do not know of TRO, you should watch his daily videos and see what you can learn from him. My 1cent. (inflation)
 
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