How To Master Trading Psychology In 30 Mins

A trader needs three things:

Mind x Money x Method = Successful Trading 

Method -> You need to have a profitable strategy 

Money -> You need to have strict risk management 

Mindset -> You need to execute your rules consistently 

Trading sounds simple enough, right? 

Find a profitable strategy -> Use strict risk management -> Consistently follow the rules. 

So, why isn’t everyone making money this way? 

“Everyone has a plan ‘til they get punched in the mouth” - Mike Tyson. 

The mind you brought to trading will not work.

The brain you inherited from your ancestors is wired to work against you in the trading game. 

Your brain wants to protect you from pain at all costs. 

Your inner caveman is doing the trading when you are stressed.

Your primitive survival instincts will take over decision-making in critical moments.

The fight-or-flight response that helped save us from sabre-toothed tigers is hijacking your mind when ‘fighting’ Japanese candlestick charts. 

What frequent mistakes do you make with the pressure of capital at risk in a trade? 

Whether entering an invalid trade, taking profits too early, or moving your stop loss to breakeven, they all result from the attempt to avoid pain. 

This will not lead to profitable trading. 

Until you learn how to overcome your evolutionary biology, you will be fighting an uphill battle of self-sabotage. 

You will keep making the same mistakes over and over again.

In today’s lesson, you will learn the two solutions to solve this problem of the human brain.