Secret of A Professional Traders: ‘Disciplined, Patient and Unemotional'
Do not trade with emotion. Easier said than done! Understand how our brains work. We are still carrying with us some defunct and very old instincts (automatic hardwired behaviors) force us to react to greed or fear.
You don't need to read many or any book if you read this post, it is based on cognitive psychology (thinking). I will take you even one step closer to being 'unemotional in trading'. But first three rules:
Emotions and instincts are hardwired into our brains even before when we were apes "for our survival"
Now, as humans we are intelligent, we can reprogram our hard wired behavior to a "new behavior". Because we are now above and beyond basic survival.
Reprogram (or hack!) your response to emotions (negative emotions like (greed and fear).
Behavior psychologists use cognitive psychology to hack our habits. The core to understand cognitive psychology is to see 'work flow' of our actions(behavior). 'Thoughts' create emotions, emotions turns into feelings, under those feelings we act, thus if we are feeling fear, it will reflect in our behavior. Key is to go one step backward.
