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.
You are asking your brain to do something that, without training, it simply can not do -- manage probability with real risk. Yet, it can learn, as you can, to move from a certainty based brain rooted in fear to a probability based mind that can effectively deal with uncertainty. Come learn how. Watch this webinar by Rande Howell, trading psychologist.
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.
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?
Logic and reason are like a boxer who blindfolds himself before stepping into the ring – no idea of what they have gotten into. Understanding how the primitive emotional brain operates is essential if the trader is going to produce success. Being blind to the power of the emotional brain over the thinking brain is essential emotional intelligence. Learning how to work with the emotional brain gives to the necessary partnership between our primal emotional nature and our ability to think clearly under the pressure of uncertainty. What this video and learn.
Scroll down to the SECOND VIDEO to see this month's educational webinar: BUILDING A PROBABILITY BASED MIND FROM A FEAR BASED MIND.
This Month's Educational Webinar by Rande Howell
My Traders State of Mind
This Month's Educational Video by Rande Howell is Below