Trading is all about set and forget.
Most can set. Very few can forget.
Forgetting requires a complete detachment from any outcome. Most traders are obsessed with the outcome, instead of the process, ignorant to the fact that a focus on the process will automatically generate the desired outcome.
When a human undergoes stress, the brain is wired to control and predict the outcome of the situation; a protection mechanism. This is the great poison of trading as the market order-flow is out of our control, and trying to predict the outcome of a trade on a trade by trade basis is futile. Predictions create expectations, and expectations open the door to disappointment. This creates stress. Trading while stressed is equivalent to driving while intoxicated. You cannot perform optimally. Your mental state of being will determine your results. Formulate an unshakeable belief in the uncertainty of the market. Detach from the outcome. Attach to the process. It is just currency. Paper. Numbers. Imaginary. Digital. Made-up. It is only when you give it a physical meaning, as in this money equals rent, car payment, mortgage etc. does it begin to have power over you.
Money itself is not important, but it affects everything that is important. The detachment from money cannot be taught. It can only be learned through a proper understanding of yourself and your own emotional tendencies. Dig into yourself. Dig into your past in order to understand the present moment. Dig into your excessive greed or fear and their respective sources. Conduct a live autopsy. Sadly, most of us will continue our futile search; reading books, taking courses, consistently losing their savings, until they realize the answers are internal; not external. You do not need any body or any thing. Complete self-sufficiency is the key to this zero-sum game.
#tradingismental.
Most can set. Very few can forget.
Forgetting requires a complete detachment from any outcome. Most traders are obsessed with the outcome, instead of the process, ignorant to the fact that a focus on the process will automatically generate the desired outcome.
When a human undergoes stress, the brain is wired to control and predict the outcome of the situation; a protection mechanism. This is the great poison of trading as the market order-flow is out of our control, and trying to predict the outcome of a trade on a trade by trade basis is futile. Predictions create expectations, and expectations open the door to disappointment. This creates stress. Trading while stressed is equivalent to driving while intoxicated. You cannot perform optimally. Your mental state of being will determine your results. Formulate an unshakeable belief in the uncertainty of the market. Detach from the outcome. Attach to the process. It is just currency. Paper. Numbers. Imaginary. Digital. Made-up. It is only when you give it a physical meaning, as in this money equals rent, car payment, mortgage etc. does it begin to have power over you.
Money itself is not important, but it affects everything that is important. The detachment from money cannot be taught. It can only be learned through a proper understanding of yourself and your own emotional tendencies. Dig into yourself. Dig into your past in order to understand the present moment. Dig into your excessive greed or fear and their respective sources. Conduct a live autopsy. Sadly, most of us will continue our futile search; reading books, taking courses, consistently losing their savings, until they realize the answers are internal; not external. You do not need any body or any thing. Complete self-sufficiency is the key to this zero-sum game.
#tradingismental.
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