Sometimes no matter how hard you try at staying focused and uninhibited by the constant and repeated battles going on in your head, you just can’t control it. Ultimately, your mind gets the better of you every time.
Why is that though?
Are our minds, in effect, vile beasts that lurk in our innermost chambers, waiting to thwart all of our actions and desires?
Or is it that WE complicate every situation by physically luring that ‘beast’ out ourselves?
If you haven’t read the first part of this series, it’s important that you do. The first part explains my general theory on the psychology of trading which is that we most definitely complicate all of our situations to the point where we indirectly ‘force’ incorrect behaviors and responses to our problems.
Your mind is a beast, no question about it. Your mind will cause issues to exist when in reality there are none. And I’m talking about everything here people I’m not just talking about trading. I guarantee right now if you thought about all the conflicts you’re currently having right now, more than half of them you’ve made them up in your own head because of your biased and misguided assumptions.
We make assumptions to explain shit we just don’t understand. This allows us to put the blame on something other than us and sets our minds at ease by attaching reasons as to why we stress out.
Meanwhile the monster still lurks in the shadows waiting to blow your assumptions further into reality, thus the saying “reality is perception”.
Let’s bring it back to trading now…
The reason why psychology plays such a big part in trading is because emotions run much higher in this particular line of work. Higher stress levels come with the territory there is no possible way to avoid it unless you’re a robot. Second guessing your intentions, your method, and your actions when you’re on a losing streak is inevitable.
I think for me folks, the answer really is simple. I’ve had enormous success before and I can do it again. Being wrong in the stock market is simply a cost of doing business and instincts are still what guides us. I have plenty of instinct and I have blind faith in myself.
So at the end of this reflectional monologue I come to the same conclusion that I arrived to in the first part of this series…
Who the fuck cares about losses?!
I still have my instincts and they’re currently firing on all cylinders. A couple tweaks and I’m good to go!
Stick with Lucci!
I’d have to agree, even IF you could make 10 deals a year, 9 of them making 100% but one blowing up, inevitably people would focus on the one deal that blew up, instead of the 9 that doubled.
Good post man, I’ve been reading every post on this blog since the big blowup you had, nice to see your comeback and your winning attitude hasn’t changed.
I love your stuff man. I’ve been on most of your website here to learn some basics. Some great shit in here for beginners. BUT, the page for the Intro to this psychology section is a dead link… I’ve seen other dead links on here as well. These are the things that will turn people away and ruin your trust. You seem like the real thing though. Please fix up your site so I can trust giving you my money!!
Thanks for the tip man, we’re changing sites so hence why I prolly haven’t given it much attention. I’ll work on that this week!