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Using Your Psyche |
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By Denise Shull
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June 24, 2011
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Trading well is all in your head.
It is easy to think it is on the charts but it is not. It is knowing the following:
- You are predicting what other people are going to perceive given that they are working hard and smart and have similar tools.
- There is no truth nor any right and wrong - just where will other people take the price.
- Creating and leveraging psychological capital - which includes all of your mental, emotional and physical energy will make you money - and more money than a new indicator or trick.
- Understanding how your reactions to and relationship with the market and your trading work brings out your fractal psychology from your childhood will give you an edge on yourself - which will give you an edge over everyone one else.
- Working with #4 in the right way - through your feelings - will multiply the effect. (i.e. you can't use your intellect to directly change how you feel!)
Visit Trader Psyches to register for Denise’s blog updates. |
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