My Traders State of Mind
This Month's Educational Video by Rande Howell is Below
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?
Knowledge Is Never Enough
Scroll down to the SECOND video to see this month's webinar from Rande Howell, Trader Psychologist
-- LEARNING HOW TO FOLLOW YOUR RULES
This Month's Educational Webinar by Rande Howell
It’s so easy to follow your rules until you try to. That’s all that stands between you and your potential in trading. Then you try to just do it. In the midst of uncertainty your rules flies out the door of reason. And you are left with a reactive mind where you are trying to force your will to conquer runaway emotions. If you’re like everyone else – you’re doing it wrong. Trying hard, but doing it wrong. Do you really want to learn how to be emotionally in control so that you can follow your rules and achieve your potential in trading – then watch this video and learn what you are missing.
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 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.