Trading Psychology and Emotional Discipline: Discomfiture

Posted on Aug 2 2016 - 1:34pm by Dan

We began our ‘Trading Psychology and Emotional Discipline’ series with this article.

The ‘Trading Psychology and Emotional Discipline’ playlist on YouTube can be found here.

We continue, from our last post on this topic that you can find here.

As we have discussed at the outset of this series, investing and trading is primarily … a psychological game.  And it doesn’t take too long before the new traders discovers all sorts of psychological discomfiture.

Which we discuss in the following entry … 

(After the following video, we continue with this series on ‘Trading Psychology and Emotional Discipline’ with this next entry ….)

2 Comments so far. Feel free to join this conversation.

  1. newlife August 3, 2016 at 1:45 am - Reply

    When I’ve had conversations with people who know less than myself about trading, and they ask what it’s all about, i tell them in a nutshell, it’s the art of getting used to always being wrong, but continuing without deviating from your plan.

    Could have skipped that trade, could have been in that other trade,winners could have been bigger, losers could have been smaller,could have held longer,could have sold earlier, portfolio could have been balanced differently, could have focused on other sectors.

    The list is endless, and it changes every second of every day. The urges, the pushes and pulls to act or refrain from action, never, ever end.

    • Dan August 3, 2016 at 4:37 pm - Reply

      Well said. And that … in the end, is the cold hard truth of it.

      Honestly … I think it improves one as an individual.

      D

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