Our Mind's - Our greatest gift as a human being
Our mind's, is our greatest gift as a human being, yet most people use their mind to create unnecessary suffering.
How our minds work is fascinating. The brain can be our best friend or our worst enemy.
Our mind is the problem. Our mind’s core objective is to keep us alive and avoid pain. We are automatically wired to think in a way that keeps us alive.
This thought pattern is hard-coded into our DNA. It might keep us alive, but it makes trading difficult
The very thing that keeps us alive is the very thing that makes trading an incredibly difficult proposition,
until you have learned how to counter your hard-coding. The issues we face largely fall into two categories:
1. We associate this moment with another moment, whether we are conscious of it or not.
2. We have a mind wired to avoid pain. We have learned to associate in order to benefit from experiences.
Association (connecting past moments with the present moment) and pain avoidance do not go hand in hand with trading.
Association and pain avoidance are detrimental to profitable trading, in trading each moment is unique, and anything can happen.
Trading is the equivalent of a coin-flip game.
Emotions kill trading accounts. It isn’t the lack of knowledge that’s stopping you from winning big.
It’s the way you handle yourself when you are in a trade.
In life, outside of trading, one way to deal with the pain is to talk to someone. As the saying goes, a problem shared is a problem halved.
Why a painful experience feels less potent after we have shared it with a friend? don’t know. Maybe the act of verbalising the disappointment puts the problem into a healthier perspective. Either way, you feel better, and the pain subsides.
But when you are in trading, while the majority look to run away and rid themselves of pain, you must do the opposite. you must run towards it. you should embrace it. you don’t want to share your pain. you want to hold on to it. you need it.
Whether you are new to trading and speculation, or you have years of experience, you should give this question some serious thought:
If you want to be a success in a field where 90% or more fail, how do you think you should approach this task?
Best Loser Wins - Tom Hougaard
How our minds work is fascinating. The brain can be our best friend or our worst enemy.
Our mind is the problem. Our mind’s core objective is to keep us alive and avoid pain. We are automatically wired to think in a way that keeps us alive.
This thought pattern is hard-coded into our DNA. It might keep us alive, but it makes trading difficult
The very thing that keeps us alive is the very thing that makes trading an incredibly difficult proposition,
until you have learned how to counter your hard-coding. The issues we face largely fall into two categories:
1. We associate this moment with another moment, whether we are conscious of it or not.
2. We have a mind wired to avoid pain. We have learned to associate in order to benefit from experiences.
Association (connecting past moments with the present moment) and pain avoidance do not go hand in hand with trading.
Association and pain avoidance are detrimental to profitable trading, in trading each moment is unique, and anything can happen.
Trading is the equivalent of a coin-flip game.
Emotions kill trading accounts. It isn’t the lack of knowledge that’s stopping you from winning big.
It’s the way you handle yourself when you are in a trade.
In life, outside of trading, one way to deal with the pain is to talk to someone. As the saying goes, a problem shared is a problem halved.
Why a painful experience feels less potent after we have shared it with a friend? don’t know. Maybe the act of verbalising the disappointment puts the problem into a healthier perspective. Either way, you feel better, and the pain subsides.
But when you are in trading, while the majority look to run away and rid themselves of pain, you must do the opposite. you must run towards it. you should embrace it. you don’t want to share your pain. you want to hold on to it. you need it.
Whether you are new to trading and speculation, or you have years of experience, you should give this question some serious thought:
If you want to be a success in a field where 90% or more fail, how do you think you should approach this task?
Best Loser Wins - Tom Hougaard