How Comfortable you are with your trading ?

Wednesday, December 7 Leave a Comment

People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes.

The problem is not in being uncomfortable per se, the real problem is that our efforts to avoid discomfort can easily end up making us feel worse. If you can understand why you’re uncomfortable and what your typical default reaction is to being uncomfortable, you will be well on the road to trading success.
Here are a few sign posts along the road to get you started:
You avoid the discomfort of boredom by taking marginal trades.
You try to avoid the discomfort associated with the fear of missing out by chasing.

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