Knowledge Is Nothing Without The Will To Act.
“I knew it was going to rally”…. Have you ever said that to yourself, but you didn’t buy it before it rallied? I spend and have spent a considerable amount of time bridging the gap between what I know, and what I do. There is no point being the best technical analysist in the world if you can’t get yourself to execute the trades.
I believe that many traders have an enormous potential for trading profits, but it is left untapped because they don’t spent time on their mental game. In particular, when we don’t act upon the knowledge we have, it is because of fear, fear of being wrong, fear of losing money etc. By overcoming the fear in a safe environment, by practising it in say a demo mode, or perhaps how I prefer to practise, through the act of imagination and visualisation, I am able to overcome my fear, because I have mentally rehearsed it so many times.
If you want a good book suggestion on this matter, I refer you to Maxwell Maltz “psycho cybernetics”.
#LetsGetReal
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