Trading Psychology : Walking The Plank
The mind is very powerful. We interpret things based on how comfortable
we are, and we decide to take action based on that perceived comfort
level. It reminds me of something I once heard from a psychology
professor giving a lecture. I’ve adapted it a bit for trading.
I want you to imagine that trading is like walking across a 20 foot long wooden board that is 12 inches wide and 2 inches thick.
In the first scenario, the board is on the ground and your task is to walk across it. You have all the physical and mental skills needed to walk across the board. It’s a pretty easy task, right? If you want, you can close your eyes for a moment and think about or imagine yourself standing on one end of the board and facing this task. You can probably see yourself doing it without any problems. A very simple task indeed.
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I want you to imagine that trading is like walking across a 20 foot long wooden board that is 12 inches wide and 2 inches thick.
In the first scenario, the board is on the ground and your task is to walk across it. You have all the physical and mental skills needed to walk across the board. It’s a pretty easy task, right? If you want, you can close your eyes for a moment and think about or imagine yourself standing on one end of the board and facing this task. You can probably see yourself doing it without any problems. A very simple task indeed.
posted by Bramesh at
1:54 PM
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