For 2014 I would like to wish all of you discipline and patience in your trading!
Monthly unemployment tomorrow before cash opens! This will impact trading tomorrow. Do your homework.
I am sharing the below with permission from : http://www.daytradingpsychology.com/
“The best traders aren’t afraid.” – Mark Douglas, Trading in the Zone
“The brain is hardwired to prevent you from interfering with its fear circuits, its core defensive and reactive processes. Unfortunately, in trading this means you will feel much more fear than necessary.” – Kenneth Reid, Ph.D
In this section of the website you will find a great deal of information on Seven Factors that contribute to Self-Sabotage Syndrome, which is a complex syndrome with multiple causes. The causes are: Aversive Conditioning, Random Rewards, Mind Traps, Scared Money, Procedural Errors, The Trading Trance and Syndrome X
This page describes Scared Money, which is a natural human condition made much worse by Aversive Conditioning & Random Rewards. Follow the links to read about the other causes. Read the rest of this entry »