Taking A Trade Looking At The Wrong Chart | Aug. 03, 2015
http://eminitutor.com/ Taking A Trade Looking At The Wrong Chart | Aug. 03, 2015. Learn Professional Day Trading entries and exits to gain consistency. Futures Strategies and Setups using EMini Tutor’s “One On One” Approach – People do not like to be wrong. After we take losses, we are angry, and want to get back at the market. We’ll enter trades just to get our money back, without forethought or consideration. A trade made irrationally from the beginning is doomed to fail. This is commonly referred to as “revenge trading”.
Games are meant for excitement. E-Mini trading is for generating income, and should not be used for excitement. E-Mini trading is a very profitable business, and should be treated as such. The whole ‘Discipline’ fallacy, is only a deviation from the real issue. It’s not a matter of discipline, it’s about becoming the trader with the skills, know-how, and tools to have the real confidence.
Confidence is the ability to create a trading plan and then execute according to that plan. In order to do this a trader must learn to stand outside of himself and become emotionally detached from the trade. When a trader creates a plan and executes, either making a profit or taking a small acceptable loss as allowed for in the plan, this creates a positive feedback loop. If trading is executed in this way and is repeated over and over again, then confidence is developed.
When you discover and develop the skills to become a real professional, to be good at trading, but with a very conscious competence…
…that’s when things will change.
It‘s when you change. When you change, your subconscious will know it – and finally let you enjoy real success.
Only when you change what you’ve been doing, when you stop looking for more tools more indicators, and chose to become a more solid trader…
…only then will your subconscious stop sabotaging your efforts.
If you want to put an END to self-sabotage in your trading, then doesn’t it make sense to get the training that will transform you into the type of trader?
Conclusion:
Studies show that 90% of our mind’s power is housed in the subconscious mind and is responsible for our behaviors, habits, and performance. Our subconscious brain has over 200,000 times more processing capacity than our conscious brain.
Winning traders know this. (more)
