TAILIEUCHUNG - Trading in the Zone Master the Market with Confidence Discipline and a Winning Attitude_4

Tham khảo tài liệu 'trading in the zone master the market with confidence discipline and a winning attitude_4', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Curiously even though his knowledge has increased he now finds that he s developed problems executing his trades. He hesitates second guesses himself or doesn t put on a trade at all in spite of any number of clear signals to do so. It s all frustrating even maddening because what s happened doesn t make sense. He did what he was supposed to do he learned only to find that the more he learned the less he took advantage of. He would never believe that he did anything wrong by devoting himself to learning he simply did it for the wrong reasons. He won t be able to trade effectively if he is trying to prove something or anything for that matter. If you have to win if you have to be right if you can t lose or can t be wrong you will cause yourself to define and perceive categories of market information as painful. In other words you will view as painful any information the market generates that is in opposition to what will make you happy. The dilemma is that our minds are wired to avoid both physical and emotional pain and learning about the markets will not compensate for the negative effects our pain-avoidance mechanisms have on our trading. Everybody understands the nature of avoiding physical pain. Accidentally set your hand on a hot burner and your hand moves away from the heat automatically its an instinctive reaction. However when it comes to avoiding emotional pain and the negative consequences it creates especially for traders vety few people understand the dynamics. Its absolutely essential to your development that you understand these negative effects and learn how to take conscious control in a way that helps you fulfill your goals. Our minds have a number of ways to shield US from information that we have learned to perceive as painful. For example at a conscious level we can rationalize justify or make a case for staying in a losing trade. Some of the more typical ways we do this are to call our trading buddies talk to our broker or look at indicators we

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