How Your Brain Gets In The Way of Your Trading Success
During our training sessions
with students we are very specific t0 make them understand you have
lost money not because of market but the main reason is Your brain
doesn’t like to lose.Its all there in your subconscious mind which is
responsible for profit and loss for a trader.
How
you trade in the future is often affected by the outcomes of your
previous trades. For example, you may have sold a stock at a 20% gain,
only to watch the stock continue to rise after your sale. And you think
to yourself, “If only I had waited.” Or perhaps one of your
investments fall in value, and you dwell on the time when you could’ve
sold it while in the money. These all lead to unpleasant feelings of
regret.
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Brain remembers everything.
Brain is great at coming up with excuses.
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