Most traders wonder how they can reach greater success with trading. Maybe they are facing challenges with being disciplined, producing consistent losses rather than profits, or are still figuring out how to find an edge.
It is important to understand how the mechanics of mind and body work and consequently how to make better trading decisions. To give you an example: our perception is easily tricked into false beliefs and understandings because our brain uses a reference point to evaluate if a situation is good or not so good for us. These are called ‘cognitive biases’ in behavioural finance. Biases are one of those culprits that ‘makeus’ cut our profits short and let losses run
Once you understand how those biases affect your trading decisions, you will not be at their mercy anymore and therefore will be able to reduce the amount of losing trades and generate more profits. So, the trick to successful trading, apart from having a proven trading strategy and the resources such as sufficient time and money, is self-awareness and self-knowledge. If you understand what makes you do what you do, in that moment you have gained the power of choice to do things differently, to make a better choice in those 6 milliseconds between a thought entering your brain and you clicking that mouse button or not.
Most traders find this site because they are looking for ways on how to make a better choice in those 6 seconds. What is it they are looking for? In their quest to make more profits they are looking for answers and solutions to:
Lack of discipline such as: Compulsive, impulsive and addictive trading behaviour
Poor self-belief in their abilities, especially after a string of losses
Poor self-management such as not knowing how to deal with time restrictions
Learning how to ‘do things’ in a better way such as how to keep statistics that are meaningful
General performance improvement in trading, plain and simple just wanting to take their trading to the next level
