trading mistake you are probably making
TRANSCRIPT
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Some people are not cut
out for trading
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Self-deception
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Your trading account
takes a hit
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“Why has this has
happened?”You consider quitting.
You feel pretty terrible.
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If a friend was on this
never ending cycle…..
you’d say
something.
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This is entirely
unintentional and an easy
trap to fall into
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When the trader eases
back into trading, they are
really trying extremely
hard to ensure that they
stick to their stops.
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Highly
Controlled
Circumstances
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They keep themselves out
of harms way.
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TRADE PLAN
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What do most people do?
Avoid pain seek pleasure!
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The problem is that this
trader is focusing on risk
and loss for all the wrong
reasons.
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Complacency is
something we must
recognize no matter who
we are and what our
experience level is.
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You need to actively
monitor for these
signals to.
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Don’t let gains or losses
be the only indicator of
pointing out when you are
on the wrong track.
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You do need to simulate
these circumstances
somehow
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Simulate using a much faster
moving product (crude oil)
Simulate when you are much
more likely to get extreme
volatility (NFP)
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Recognition is the first
step on the road to taking
control of a situation.
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In the end, not dealing with self-deception
makes this popular saying very true to you:
You are only
fooling yourself