This blog has been a way for me to share the many lessons I have learned about habits, beliefs, behavior, mindfulness, philosophy, motivation… all of which are important matters in trading.
We get tons of training in thinking and problem solving, but we rarely if ever get any training in awareness. Yet, awareness is often the prelude to any solution to our inability to be and stay consistent in trading.
In today’s post, I’m going to talk about the single most important thing you need in your life if you want to be successful, in and out of the market.
While a statistically tested strategy and an efficient money management technique are essential, the right mindset is what glues everything together.
It’s a common thing to be frequently annoyed by the market— let’s be honest, it can irritate the hell out of us!
But what can we do about that?
Well, often the best practice is an internal shift rather than trying to change anything from the outside.
A few years ago, I read a fascinating article about U.S soldiers who had been on multiple deployments to Iraq. What was special about those soldiers is that they got to a point where they could predict with amazing accuracy whether or not there was a bomb on the streets waiting to explode.
Trading is a tough game. It’s inherently simple but, for psychological reasons, it is very hard. You wouldn’t get paid the big bucks if it was easy.
As we all know, emotions are complex experiences. An emotion involves thoughts, sensations, physical afflicts, colorations of the mind, and, how well we recognize them as they arise in the present (and diffuse them) depends on our level of awareness.
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