Fear and over-confidence destroy the capacity to achieve goals, no matter how well thought out. The problem is that traders ignore the contribution of emotions and beliefs to their trading performances. This is the link between Outcome Goals (what you want to achieve in the future) and Performance Goals (what mind you want to bring to the performance of execution).
To learn more from Rande, be sure to check out some of his other articles at TradersStateofMind.com.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.