My Traders State of Mind trader psychology
Your game is on and you win some good money. Maybe you win a series of trades. You feel like you’re in the zone. Now all you have to do is maintain the momentum. Then, invariably, it happens – you give it all back, and then some. You see this pattern all too often. It seems like every time you really get ahead; something happens and you crash and burn – again. If you could solve this problem, your trading would look very different. Learn how it can be different. Watch this video.
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.
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?
Giving it all back after success is frustrating. And it is one of the most powerful problems that separates thriving traders from inconsistent ones. There are causes to the problem of “giving it back – and then some”. Do you know what yours is? And until you master the trading psychology of consistent performance, you stay stuck in this no man’s land of being almost there – but giving it back. Come learn what keeps you stuck and how you can master this breakdown in your trading performances. Watch this video.
Scroll down to the SECOND VIDEO to see this month's educational webinar -- How to Stop Giving It All Back.
This Month's Educational Webinar by Rande Howell