Info!! The Perils Of Achievement Motivation: When Traders Press Besides Difficult To Win

A deadly blueprint alongside unopen to of the best traders is to channel achievement motivation into trading *more*.

The best traders practice involve hold a potent achievement motivation in addition to move quite difficult at their craft. That achievement motility makes them abhor losing. Their impulse is to instruct for the jugular; they desire to non solely achieve, exactly attain *more*.

This motility tin hold upwards a trader's greatest weakness, however. It tin atomic number 82 to stubborness inwards taking losses, leading to outsized losses. It tin also atomic number 82 to overtrading, equally the driven trader attempts to *make* things happen. That is a detail recipe for disaster on slow, narrow days such equally yesterday, when it's piece of cake to instruct chopped upwards jumping aboard seeming trending moves.

The internet outcome is that *pressing* to attain tin involve hold the trader out of his or her game. It subverts adventure administration past times leading the trader to merchandise likewise large, without careful attending to halt loss points. It also interferes with decision-making past times leading the trader to involve hold trades without an objective edge.

A skillful analogy is the fighter who goes for the knockout on every punch, leaving himself broad opened upwards to jabs in addition to punches from the opponent. When the boxer is *too* aggressive, defensive skills move out the window. So it is with the trader.

Another analogy is the soldier inwards the battlefield. Too hyped upwards in addition to likewise aggressive, he may accuse out of his foxhole in addition to brand himself an piece of cake target for the enemy. Sometimes the best strategy is to keep command in addition to alternative off the enemy sniper-style.

How tin y'all know if this is a work for you? If y'all move on metrics of your trading results, you'll encounter that the average size of your losing trades exceeds the average size of the winners. You'll encounter that your biggest losing days are ones inwards which y'all merchandise close oft in addition to with largest size, peculiarly when the marketplace was showing no special opportunity. You'll also know past times your land of mind: traders who *press* to win typically sense high degrees of frustration when the profits don't come upwards quickly.

If these are concerns for you, self-control strategies such equally meditation in addition to biofeedback tin hold upwards tremendously helpful. How to purpose such strategies volition hold upwards the focus of my adjacent post.

RELATED POSTS:

The Most Important Skill Traders Need

Biofeedback for Performance
.