Chapter 2: Surrender
“Train yourself to let go of everything you fear to lose.”
—Yoda, “Star Wars Episode III Revenge of the Sith”
Agiant disconnect exists in the education of future traders. Most people who are drawn to risk management become oriented in the external “how to” aspect of trading, versus the inner aspect of emotions and psychology. This is where the trouble begins.
For traders educated in the U.S., our approach to learning is ingrained in us by our educational system. From an early age, we attend a school system that rewards us for accuracy. The teacher lectures, assigns reading material and homework, and then quizzes and tests on how much of it we’ve retained. Despite the banality of this process, the more we regurgitate, the ...
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