There is a great post about the issue on www.newtraderu.com. Some key points:
"Recognizing your reactions is the easy part. The hard part is recognizing the part between the triggering event and your reaction."
"To become successful as a trader, you must put yourself into situations that will bring pain, suffering, and loss."
"So how do you stop this invisible force that seeks to protect you at the expense of financial disaster? You can’t."
"So if can’t we defeat ourselves or those defense mechanisms, what do we do? You learn to be aware. Sometimes, just being aware of what we are thinking and the feeling is enough to stop our reactions from hurting our trading. This is difficult for people to do, to be aware."
Post a Comment