threatening. That interpretation causes us to adopt
a negatively charged, defensive state of mind, where
we end up creating the very experience we are trying to avoid. Market information is only threatening
if you are expecting the market to do something for you.
Otherwise, if you don't expect the market to make you right, you have no reason to be afraid of being
wrong. If you don't expect the market to make you a winner, you have no reason to be afraid of losing.
If you don't expect the market to keep going in your direction indefinitely, there
is no reason to leave
money on the table. Finally, if you don't expect to be able to take advantage of every opportunity just
because you perceived it and it presented itself, you have no reason to be afraid of missing out. On the
other hand, if you believe that all you need to know is:
1. the odds are in your favor before you put on a trade;
2. how much it's going to cost to find out if the trade is going to work;
3. you don't need to know what's going to happen next to make money on that trade; and
4. anything can happen;
Then how can the market make you wrong? What information could the market generate about itself
that would cause your pain-avoidance mechanisms to kick in so that you exclude that information from
your awareness? None that I can think of.
If you believe that anything can happen and that you don't need to know what
is going to happen next
to make money, then you will always be right. Your expectations will always be in harmony with the
conditions as they exist from the market's perspective, effectively neutralizing your potential to
experience emotional pain. By the same token, how can a losing trade or even a series of losers have
the typical negative effect, if you really believe that trading is a probability or numbers game? If your
edge puts the odds in your favor, then every loss puts you that much closer to a win. When you really
believe this, your response to a losing trade will no longer take on a negative emotional quality.
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