Barely Enough Time To Move The TF Target August 24th 2015
The mind is programmed to protect and survive through evolutionary self-preservation instincts as well as learned programming since early childhood. Unfortunately this has no place in the paradigm used for successful trading. We are pre-programmed to react to circumstances that might work on other emotional and non-emotional events. Unfortunately the criteria relevant in other business applications don’t serve us well in trading.
Emotional reactions aren’t helping us when they are categorized into a “one reaction fits all” stereotype. Emotional maturity and management of emotions needs to be developed into a higher level of understanding. Only then can they be regulated, eliminating the knee jerk default pre-programmed reactions that don’t apply to trading, yet might be very successful and applicable in running some other business. They might be in control running a business but fail in coordinating trading using the same principles. They soon realize they have no control over the markets outcome. (more)