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.
We humans like to think of ourselves as self-governing, free-willed beings, set apart from other animals by our capacity to choose and to reason. Yet watch people (or even yourself) closely and you will find that we are more instinctual and a lot more like other animals than we care to think.
The other day, I was mentioning (to an otherwise smart and informed guy) that I really believe that trading psychology is the most important aspect of trading.
An interesting experiment was conducted in the 1950s by a scientist named Curt Richter. In that experiment, the man took a dozen domesticated rats and placed them into jars half filled with water.
Trading is, in truth, a multi-leveled experience. Learning it can change your life in some profound ways.
Let me begin this post by saying this: A resounding Yes! You can grow a small account into a bigger one. But there are some things you don’t want to be naïve about.
In today’s post, I want to share a passage from my book, Around The World, Day Trading The SPY.
Fear of uncertainty and of a possible painful future: it often stops us from accomplishing great things in our lives.
But I think that fear is often crippling because most people don’t understand risk. They might think that they do, but, in actuality, they really don’t. They only understand it in a kind of loosey-goosey way, but not in a deep, experiential way.
