Info!! Self-Awareness Together With Overcoming The Nighttime Side Of Our Trading

Good marketplace observers offering knowledge; nifty ones impart wisdom.  I'd set Peter Brandt inward that latter category.  His Factor Commentary contains enough of knowledge, tracking technical patterns across macro markets, only almost ever comes across alongside heavy doses of wisdom.  So it was lately when he wrote most his end-of-year do of halving his positions inward the terminal 2 weeks of Dec together with tightening stops on the rest.  Might he immature adult woman to a greater extent than or less marketplace activity every bit a result?  Yes, he points out:  that is just why he's stepping dorsum during the placidity period.  He recognizes that compulsive trading is unsafe trading.  By stepping dorsum from trading, he is controlling whatever compulsive tendencies together with non allowing them to command him.

Peter writes inward his recent commentary, "I direct maintain to ever guard against my inner compulsive self...The determination [to piece of occupation out of the market] has everything to produce alongside gaining emotional distance from the procedure of marketplace speculation inward grooming for a novel year."  Notice that Peter's forcefulness is his self-awareness, non whatever Zen capacity to eliminate whatever together with all negative emotion.  His might to give away himself enables him to remain inward control; non trading is a strategy that helps his trading!

The wide sentiment hither is that many weaknesses correspond strengths taken likewise far.  The passion for trading tin plough into compulsive trading.  Confidence tin plough into overconfidence.  Risk prudence tin plough into direct chances aversion.  Every forcefulness has a nighttime side at the betoken at which it is overused.  Creativity helps me generate unique together with promising merchandise ideas.  Taken likewise far, inventiveness gets me tinkering alongside processes together with losing discipline.  Look deeply into a trading weakness together with you'll oft give away a forcefulness to hold upwardly harnessed.  Self-awareness helps us make that harnessing.

Further Reading:  Trading With Self-Awareness
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