"Unless you have developed the skill set and also have the time to keep those skills sharp ... there are severe costs to making trades based on emotion."
Traders trade emotions :They don't trade methods
- Thread starter Trading Education Buyer
- Start date
And once you have developed the skill of reading the trend, you'll enjoy the life on our side of the fence!
Thanks for the opportunity to practice my typing. I'm off to bed, ZZZ.....zz...........z
Completely irrelevant. You can make stories like this by the dozen.
Trading Education Buyer, a very calm and intelligent and disciplined person , had a phone call from lawyer threatening him, he became stressed , in next to no time , he had made three mistakes and lost $1,000 within 15 minutes.
The point is we are humans and we have emotions , trends are not traded by our robot seating above the neck.Trading is influenced by our mental states.
Quite relevant , to those who understand stress and emotions.It is a real example
I go to my doctor , and tell him what he is saying is irrelevant , just because I don't have his knowledge.
The stress response begins in the brain (see illustration). When someone confronts an oncoming car or other danger, the eyes or ears (or both) send the information to the amygdala, an area of the brain that contributes to emotional processing. The amygdala interprets the images and sounds.
any stressors will create chaos in the mind , causing the trader to make mistakes.
The fight-or-flight response (also called the fight, flight, freeze, or fawn response in post-traumatic stress disorder, hyperarousal, or the acute stress response) is a physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.
http://www.health.harvard.edu/staying-healthy/understanding-the-stress-response
any stressors will create chaos in the mind , causing the trader to make mistakes.
The fight-or-flight response (also called the fight, flight, freeze, or fawn response in post-traumatic stress disorder, hyperarousal, or the acute stress response) is a physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.
http://www.health.harvard.edu/staying-healthy/understanding-the-stress-response
That's true for everything in life, including the way YOU trade. It has an influence on everything you do, or don't do.
Trading is 80% mental game , here it is more relevant .Sleeping , sitting , walking . labouring or eating requires less mental preparations and energy.Trading requires a lot of mental energy.