trading in the zone
Trading Psychology: 5 Approaches to Leverage The Psychology of Trading For More Profit http://rightmindtrader.com/pk-worksheet- ‘5 Easy Trading Psychology Ways to Overcome Your #1 Profit Killer’
Hi, I’m Les Meehan Internationally known trading psychology expert and author plus this video tutorial, you’re gonna discover 5 powerful daily methods to prepare yourself to overcome trading anxiety and stress, your #1 Profit Killer, so you can start every new trading session with your trading psychology tuned-up for trading profit success.
Listed here are my top 5 approaches for preparing your mind for calmer and more confident trading:
1. Be clear in what is causing your stress and trading anxiety. Your imagination often exaggerates the things you perceive as threatening and also this increases your stress and trading anxiety, so take a step back and get a practical view of what is really causing your negative emotional reactions.
2. Identify where your trading anxiety arises from. Irrational trading anxiety is usually formed as a result of past experiences for example previous trading losses, so think about exactly where your stress and trading anxiety originates in order to determine if still has relevance inside your trading or whether it is an emotional hangover that is now not required.
3. Require a ‘big picture’ perspective of the real consequences of losing (not the imagined ones). Again, your imagination can go wild creating in your mind totally unrealistic ‘what if’ consequences of going for a trading loss which are more fantasy than likely. Really challenge this ‘what if’ negative consequences thinking and ground yourself only of what can really happen.
4. Keep in mind the first physiological indications of your stress and trading anxiety. Stress and trading anxiety are emotions with physical symptoms and so you feel them inside you in some way or another. These physical symptoms may very definite starting sensation and you can become aware of that initial sensation by being mindful of your body’s reaction when you sense you are entering a predicament you know causes you stress and trading anxiety. Once you have identified this starting sensation you will soon take action to eliminate it before it takes control of your trading mind.
5. Use powerful deep-mind techniques to remove the negative emotions. I don’t have enough time here to teach everybody I know about the deep-mind methods for eliminating unhelpful emotions but to get started let me share only one powerful technique along. As discussed earlier, your anxiety is increased due to what you think about so a simple way to stop this is to break your anxiety thinking pattern by employing past evidence that what you really are imagining simply isn’t true. In like manner do this, when you find yourself thinking about future losses, create a conscious effort instead to recall in your thoughts the times when what went down next wasn’t as bad when you had imagined.
Because you apply each of these strategies each day, you are preparing some effort into view any subsequent trading losses within a more logical as an alternative to emotional way, so that you can then make profit enhancing decisions instead of ‘Profit Killer’ anxiety based loss aversion decisions.
Make these strategies a pattern by repeating them regularly so that you can make all of your trading as anxiety free as possible and so avoid any future emotional revenge trading.
So, do you need to trade with more trading confidence much less stress and trading anxiety in order to achieve bigger profits?
All you need to do is click below & enter your reputation and email to get FREE instant access on the worksheet and get started immediately.
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