Today’s neuroscience proves that the residual feelings resulting form one event can completely color your beliefs about the next event. It also proves you can’t act – or even make a decision – without emotional inputs. Therefore, managing those inputs – in the way that works – is a singularly profitable (and winning) endeavor.
object lesson in double-checking the exact state of one’s psychological capital before they take a trade. In my case, the bucket was TOO full and almost more importantly I didn’t realize that I was wanting something in particular – something having nothing to do with trading.
The arguably most famous and respected trading psychologist on the planet makes a point that we are not and should not be trading for personal development. I respectfully disagree. Playing the game wherein the object is to take money out of the hands of very many other smart people who are also pouring enormous resources [...]
Sooner or later, it is bound to happen. The markets conspire to converge in a way that fits your optimal trading strategy. You see it, you know it and then at the same moment, the phone rings, or the boss yells or the ….. Something happens that interrupts your ability to execute as you planned [...]