Bitter Truth about Trading
As a Trader it totally amazes me to see how we are almost "hard-wired" to do all the wrong things. It’s almost as if we were put on this planet to determine how many ways we can mess up our trading.How do you respond to a loss? How you respond to losing trade.
During my trading session I ask my students to sit down and write on, "Why I lose money in trading, Why I fail as a trader " Be honest with yourself. What are your typical excuses?
You might write something like this:
“I was desperate. I was running out of money, and I needed to do something. I really didn’t want to go back to work, so I had to make money. As a result, I really didn’t have time to do a trading plan Instead, I just made trades.”
For the 30 minutes that it takes to do "Why I lose money in trading, Why I fail as a trader ” exercise, give yourself a break and be brutally honest. You know that you’ll con yourself in order to not make any progress. Treat this exercise as a test to determine just how you con yourself. Can you be honest and tell it like it is, o..
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During my trading session I ask my students to sit down and write on, "Why I lose money in trading, Why I fail as a trader " Be honest with yourself. What are your typical excuses?
You might write something like this:
“I was desperate. I was running out of money, and I needed to do something. I really didn’t want to go back to work, so I had to make money. As a result, I really didn’t have time to do a trading plan Instead, I just made trades.”
For the 30 minutes that it takes to do "Why I lose money in trading, Why I fail as a trader ” exercise, give yourself a break and be brutally honest. You know that you’ll con yourself in order to not make any progress. Treat this exercise as a test to determine just how you con yourself. Can you be honest and tell it like it is, o..
posted by Bramesh at
4:48 PM
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