This Month's Educational Webinar by Rande Howell
My Traders State of Mind
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.
Knowledge Is Never Enough
It looks so do-able (and it is) until the money is real. Then something happens. In an emotional ambush, a trader's need to be right or his fear of losing corrupts a perfectly good trading mind. This is the missing skill. They 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.
Without training and internal courage, this is the last thing you will want to tackle because it forces you to step out of your comfort zone into the discomfort that facing uncertainty causes to the untrained mind. This avoidance is why you stay stuck in unrealized trading potential. You come to realize that the health of your trading account is the only honest way to see your real beliefs in action (or a benchmark based on the trading account). Beliefs, emotions, and performance are tied together and the trading account is the only real judge. It will hold you accountable for your performances. This is the alchemy that gives rise to the Traders State of Mind.
Successful traders are not trying to control outcome by external means. They are learning to manage their internal experience and, thereby, controlling the mind they bring into the moment of execution. By letting go of the illusion of control over outcome, they learn to control the one thing they can control -- the process of trading. This is their edge over the herd. Do you want to learn how?
Scroll down to the FIRST video to see this month's educational videow from Rande Howell, Trader Psychologist
-- CORRECTING YOUR PERCEPTUAL BLINDSPOTS THAT SABOTAGE YOUR TRADING
Perceptual Blind Spots. “Why didn’t I see that?!” How many times have you said that to yourself when trading? They are called perceptual blind spots and they cause the trader not to see something at the very time that they need to see it—so they can trade effectively. Come learn about yours and what you can do to master them. Watch this video.
It seems so simple in concept, but so difficult to accomplish -- JUST FOLLOW YOUR RULES. What could be so difficult? But something is.
Come learn what the REAL problem is. And come learn what it going to take to master the mind so that you can just FOLLOW YOUR RULES. This is a powerful video that separates those that want to be successful from those who create success.