My Traders State of Mind trader psychology
New Interview with Rande Howell on what it takes to become a successful trader
You’ve got your confidence up. You’ve been trading paper for a while – and you can make it happen. You’ve got this. And you give to live trading. Nothing works. You lose your composure, and you don’t know why – much less what to do about it. Then, your trading goes on like this and you realize that there is a world of difference between paper and live trading. But how do you master it? Come to this free psychology of trading webinar and learn how to master the mind that trades live.
This Month's Educational Video by Rande Howell is Below
The Mind you bring to the management of Uncertainty is the Real Edge in trading. It is yours to de- velop or to remain stuck in performance. And the markets do not care.
Scroll down to the 1st video below to watch this month's trading psychology video from Rande Howell: Getting Emotional Control Under Pressure
Trading success looks so achievable until the money is real. Then something happens. After ignoring trader psychology as a light weight topic, it dawns on you that emotional self control is the name of the game. This is the missing skill. Initially, traders do not grasp that the certainty based mindset that they bring to trading will never bring success. Trading success requires developing a probability based mindset. Management of emotion and the hidden beliefs you bring to the management of uncertainty are the fundamental psychological skills needed for success.
The beast inside you seems so very tame until the pressure of gut-wrenching risk and reward blows reason out of the water. Then “tilt” happens. Then fear, revenge, or greed take over the trading mind – and you’re cooked.
That beast is your emotional brain. And your lack of understanding of emotion and how to work with emotions is the gap that stops you from crossing into the promised land of consistent profitability. That gap will always keep surfacing until you learn to master your survival instincts. Ignoring them is not an option for success in trading. Watch this video. Learn to control the emotions of trading.
This Month's Educational Webinar from Rande Howell