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Some people are not cut
out for trading
Self-deception
Your trading account
takes a hit
“Why has this has
happened?”You consider quitting.
You feel pretty terrible.
If a friend was on this
never ending cycle…..
you’d say
something.
This is entirely
unintentional and an easy
trap to fall into
When the trader eases
back into trading, they are
really trying extremely
hard to ensure that they
stick to their stops.
Highly
Controlled
Circumstances
They keep themselves out
of harms way.
TRADE PLAN
What do most people do?
Avoid pain seek pleasure!
The problem is that this
trader is focusing on risk
and loss for all the wrong
reasons.
Complacency is
something we must
recognize no matter who
we are and what our
experience level is.
You need to actively
monitor for these
signals to.
Don’t let gains or losses
be the only indicator of
pointing out when you are
on the wrong track.
You do need to simulate
these circumstances
somehow
Simulate using a much faster
moving product (crude oil)
Simulate when you are much
more likely to get extreme
volatility (NFP)
Recognition is the first
step on the road to taking
control of a situation.
In the end, not dealing with self-deception
makes this popular saying very true to you:
You are only
fooling yourself