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My Traders State of Mind
Do you see that Historical Narrative limiting the possibilities of your trading? After watching this video, go to www.mytradersstateofmind.com and find the accompanying article -- and so much more. More videos. More articles. And ways working with emotion and mind to create the mind you need for trading. And get the free ebook. Come and learn how to help your self develop the trader within.
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.
Does Your Trading Psychology Stand Between You
and the Success You Know You're Capable of?
It looks so doable (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?
Does a "winning mindset" work in trading? Much of winning is about predicting or controlling outcome or making things happen. But in trading, you do not control outcome or whether you win or lose. All that power focused on the need for control is wasted -- because outcome cannot be controlled in trading.
So what does a winning mindset really look like in trading? Come and learn how to control emotions for a patient, disciplined mind for your trader psychology.
Scroll down to the FIRST video below to see this month's teaching video from Rande Howell
-- Discovering the Historical Narrative that Sabotages Your Trading MInd
Knowledge Is Never Enough
This Month's Educational Webinar by Rande Howell