When researching material for our new Traders Mind’ hypnotic download I really wanted to understand the psychology of good trading. I interviewed experienced traders (far more experienced at the markets than I am) and heard all kinds of stories.
The biggest mistake people make when they are trading is in assuming they are being logical when they are really being emotional. Traders will often make financial decisions sometimes, involving large sums of money, based on excitement (which stops you seeing the wood for the trees) and fear (which stops you seeing the wood for the trees).
Traders report struggling to control feelings such as: uncontrolled greed, fearful hesitation, compulsion, anger frustration, and rampant pessimism and depression.
Emotional bank robberies
When we become highly emotional psychologists describe this as an ‘emotional hijacking’ because the emotions hijack the part of your brain that can think clearly and see the bigger picture. The string emotion locks us into a limited narrow perspective kidding us that this view is the only right one. It’s harder to think when you are emotional is the bottom line. When traders become hijacked by their emotions it’s not so much a hijacking as a bank robbery. That’s right too string emotion for traders can empty their bank accounts!
With this Traders’ Mind session I wanted to produce an aid for traders which will enable traders to naturally keep their cool to diminish the distorting effects of fear, anxiety, greed and addiction.
How you feel and think about trading has a huge impact on the decisions your trading decisions.
Pro traders versus amateurs
Good trading habits come about through 1, Knowledge and experience of the markets and 2, ability to control emotionality and remain detached and clear.
Amateur traders hang on too long through greed and sell through fear. Professional traders (and here I’m talking about mind-set not job title) have a set point for profit and get out when they have reached that point. They don’t hang on just in case and they don’t let go too early through fear.
The Trader’s Mind Session
The hypnosisdownloads.com session seeks to calm the brain into sensible trading habits to increase long term profits. I’m looking forward to feedback from traders all around the world.
Happy trading
If this is as good as the other downloads I have tried, this could be invaluable to traders
I´d like to know more about hypnosis. I am sure you are gonna help me a lot. Thank you in advance.