Failure To Decide And Paralysis Of The Trader
Failure to decide of the trader is born in a situation when methods clash among themselves and he experiences difficulties with a choice. These problems are rather easy for permitting.
There can be a situation when with methods all is clear, but the trader for some reason doesn’t act according to them. This situation much more difficult and different rules of behavior here usually don’t help.
Emotional = to unprofitable
All reasons of occurrence of a paralysis are inherent in you still before you make the first transaction. The paralysis has no relation to the market, to your methods. It is certain psychological state peculiar all traders.
The majority of the most successful traders became those only because in due time the paralysis has caused to them an essential damage. And they having realized and having accepted this phenomenon as the personal problem could find a way out of it.
Apparently, any other way that will help to cope with a paralysis of the trader doesn’t exist. Remember that the market isn’t something isolated from life, a place where it is possible to enter, having left all problems on a threshold. The market is only one more aspect of life …
Fear, greed, envy, revenge, love, hatred, obsession, compulsion is in general, a complete gentlemen’s kit of emotions which can again lead the trader to actual self-destruction.
All these difficulties can’t be permitted by means of market methods or strategy, and only by means of sincere comprehension that they are personal psychological problems of the trader and that the market simply shows them more accurately than we would like that. The majority of traders are sustained by losses not because of using of “bad” methods that is because they can’t find methods of the permission of emotional problems which they bring on the market. Or don’t find ways at least to reduce their influence.
Therefore we can safely formulate a simple axiom: Emotional trading = Unprofitable trading
And nobody can avoid it. Even skilled and very successful traders have on the account similar failures when emotional factors start to dominate in their trading.
Belief is a suicide synonym
From the point of view of psychology, the main basis of a paralysis of the trader and its consequences is “belief”. When the trader has psychological problems in work, its emotional functions aspire to hiding disguising that demands special attention.
These functions create “the false” conditions constantly producing systems of “belief” which actually sharply differs from the validity. These systems of belief become very strong simply because can’t be confuted. After all the belief doesn’t need proofs and consequently it is not subject to them.
With reference to the market the belief is a synonym of suicide and a direct way leads to failures and losses. It is necessary to stop separately on a question of a ratio of psychology, the market and money.
Very often role and value of money exaggerate and consider that the market is determined only by money. And consequently consequences of errors (whatever severe they were) can consist only in loss of money. And this is a deep belief of many traders absolutely wrong. The market will cost much more expensive to you if you don’t learn to manage the emotional factors. It is eventually only money – typical protective dodge of emotional functions of the trader. Actually, money is one of the weakest factors.
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