How are you likely to react if you suddenly made a huge windfall profit? Or, (perish the thought), a larger than expected loss?
From a neurological perspective, we have some neurons in our brain called Mirror Neurons.
When we look at a sport or listen to someone else's experiences, these nifty little neurons fire off in our brain.
If we have internalised other people's experiences/lessons or previously thought about our likely reactions, this has the advantage of making novel events in our life seem familiar.
So by pushing your mind each month on the trading front in this blog article, I'm aiming to get your Mirror Neurons sparking, and for you to know what it takes to become a Trading Dynamo.
I’m training you not to react on the basis of your primitive limbic system, which basically focuses on a fight or flight response.
By presenting you with different trading scenarios, you'll train your brain to be more pre-frontal cortex oriented, and respond with logic, rather than emotion.
This should be the goal of every trader, whether you’re just starting out in the markets, or even if you’re already an experienced player.
If I was going to pick a theme for this week, it would be that it’s time to throw away your excuses.
If you’re not on track with your investing, what’s holding you up?
A lot of years ago, I figured out that the only thing standing between me and success was... me.
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We can ALL be our own secret worst enemies.
Whether we refuse to strive, or whether we reign in our horse just before it takes the jump - it all leads to the same results.
Performing at less than our full ability.
That sucks and it’s time to refuse to take it anymore.
Take me up on my challenge.
Work out what’s holding you back.
Stretch, strive, and dare to let your imagination run wild about what you are capable of achieving.
The best traders do it, and so can you.