My Traders State of Mind trader psychology
You've seen the cost of Scarcity Thinking so many times. You leave money on the table because you fear that your profits will be taken from you. How do you master this roadblock to effective trading? Self mastery is at the core. You will have to build the mind that you bring to trading -- the one you brought simply is not going to work. Watch this video webinar and learn.
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?
How many times have you been there? The trade finally gets in the black after a serious reckoning with uncertainty. A little rattled, your plan says to stay the course, but your skittish mind says, “Take the profit before it is taken away!” In the heat of the moment you take the skinny profit out of scarcity thinking. Time and time again, like a broken record.
It’s not just fear of loss. It’s fear of losing what you already have that drives your thinking. And until you learn how to master your scarcity thinking, you will be stuck with underwhelming profitability. Come learn how to master your scarcity thinking so that you can follow your trading plan to target and actually make real the profits you are leaving on the table. Watch this video.
Scroll down to the SECOND VIDEO to see this month's educational WEBINAR -- Scarcity Thinking: Robbing You of Your Profits
This Month's Educational Webinar by Rande Howell