Today’s neuroscience proves that the residual feelings resulting form one event can completely color your beliefs about the next event. It also proves you can’t act – or even make a decision – without emotional inputs. Therefore, managing those inputs – in the way that works – is a singularly profitable (and winning) endeavor.
Sooner or later, it is bound to happen. The markets conspire to converge in a way that fits your optimal trading strategy. You see it, you know it and then at the same moment, the
The thing is – all of this requires both a change in perspective and more importantly, putting the same effort into understanding your internal signals as you put into the ones the market is providing!
The real clue is that the numbers (and the bars and lines they draw) are only a clue – not the real answer.
Reading your work, applying it, monitoring myself, writing down my feelings, is really paying off. I am trading less, and making more money. This week and last week have been incredible.
This is the advanced trader psychology of managing our psychological capital as carefully, if not more carefully, that you manage your cash capital.
…because a few have asked where on the blog they can find info yet I would prefer to keep the blog as a discussion, here is the link to the info on the new self-driven
THIS WAS PASSED ONTO ME – but I also heard it from Eliot Wickersheimer Principal of Mirus Futures. I hadn’t had much time and was thinking “oh they will add $5.00 or something to each