Let’s say you enter a trade, and minutes later, your stop-loss is close to being triggered. There are many things happening in your mind at that very moment.
Part of you knows you shouldn’t remove the stop-loss (that’s the more rational part of your mind), but there’s another part urging you to remove it – A.K.A the impulsive part of your mind.
The reason you end up removing the stop-loss is that you’re relying on willpower to save your butt.
But as we’ll see, this doesn’t work so well.
Sometimes a short story can teach much more than an entire book.
In today’s post, I want start by sharing the story of a young martial arts student who was under the tutelage of a famous master.
Think back to your childhood, when you were learning something new.
Whether you were learning to ride your bike, or solve that Rubik’s cube you spent your time begging your parents to buy you, try to capture that feeling of first discovering the thing you loved so much.
Neuroscience is the scientific study of the nervous system (how it develops, its structure and activity), including the brain, the spinal cord, and the networks of nerve cells called “neurons,” and their influence on consciousness, behavior, and cognitive functions.
If you could go back in time and talk to your younger self, what would you tell that person?
I can see some of you give stock picks, or lottery numbers.
Fair enough 😁
For me, none of that. Because I now understand that it’s possible to have all the wealth in the world and still be left miserable and unhappy.
This month, we saw a series of rallies and marches known as The March for Science [#marchforscience on twitter] across more than 600 cities worldwide. And so, it’s a good time to remind you all what the scientific method is all about and how you can (and should) apply it to trading.