July 2011
Intermediate to advanced
256 pages
6h 39m
English
Chapter 13
Transformation of Feelings
Are you one of the many traders who think that feelings have nothing to do with making money in the markets? If so, then you are also one of the many traders whose success in trading is held captive by his feelings.
The most successful traders in the industry are consistent traders. But, in order for a trader to be consistently successful in the markets, he needs to follow predetermined rules that he believes will give him a positive outcome. The problem for most traders, however, is that the ability to follow those rules depends upon a set of feelings that keep him disciplined. For a trader who wants to build a long and consistently successful career, these positive feelings are as valuable as having tomorrow’s market results in your hands today.
If self-sabotage does not come between a trader and following his rules, he will create a comfortable feeling that will support his efforts. But if, in the process of becoming a trade he loses money consistently, experiences a large loss, or is inconsistent in his results, he will develop a negative conditioning with associated negative feelings about the choices he makes.
