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There is an invisible hole right in the middle of your trading strategy doing damage to your trading potential every day. And if you could plug that hole, peak binary option, things would be very different. You would be achieving your dreams of financial success and experiencing personal satisfaction. The reality, though, peak binary option, peak binary option that you have the plan but you cannot seem to trade your plan when the money is real and the losses count.
You try hard and are determined, peak binary option, but the results speak for themselves. Talk is cheap, peak binary option. Results speak loudly. After all that effort and expense, the roller coaster ride of trading still dominates your trading account.
At some moment smart traders conclude that the problem is with the mindset they bring to trading. Do not take it personally — just about every trader has this same problem.
Nobody wants to get up-close and personal about it, particularly trader trainers selling you the dream, so it remains the elephant in the room that nobody acknowledges. Consequently, traders are left to their own devices to find the hole in their trading performances and to fix it — but with a brain that absolutely refuses to see itself as the problem.
A daunting task when you see the failure rate of traders trying to become successful. The Three-Legged Stool of Successful Trading, peak binary option, to the Rescue Mindset is the last place in the world that you might look to find problems in your trading and your trading system.
Traders acknowledge problems in their trading psychology, but seek the answer to their problems somewhere else other than within. But there are three aspects that have to be combined in order to create the conditions of effective trading. Without all three working together, the 3-legged stool of successful trading is unbalanced and does not produce the stable conditions needed for success. Enormous emphasis, money, and time are placed on two of the three…platform and methodology are enormously important aspects of effective trading.
But peak binary option is the mindset of the trader that drives both platform and methodology. Without an effective mindset the other two are wasted. If you have ever worked with a clunky or inadequate platform, peak binary option, you know the importance of having an efficient platform to execute your trading strategy, peak binary option.
It is necessary. The same with your trading methodology or the way you effectively manage risk, peak binary option. Ultimately, trading is about finding reoccurring patterns in an ocean of randomness. Your methodology has to give you an edge in the management of this randomness. By being able to discern potential patterns that work to your favor, peak binary option, you are able to extract capital from the markets at a rate higher than the capital you give to the markets.
It is this proven risk management of a solid methodology that gives you peak binary option favored potential in terms of outcome. The problem is peak binary option it is rare to find a trader who has the solid mindset that allows him to trade his peak binary option. And if humans were rational beings, these two elements of trading platform and methodology would be enough to provide the necessary advantage in managing reoccurring patterns in a field of peak binary option. Think of it in terms of auto racing.
The track is the platform upon which all cars and drivers compete for success. The car is the methodology — delivering an edge to the driving team if, and only if, the driver trader psychology has the right skill sets to effectively manage his car on that track, peak binary option.
In any given domain of performance there will be a large field of people who know how peak binary option operate. However, in racing, there will only be about 10 or 15 elite performers who can drive that car to success on a consistent basis. The driver makes a huge difference.
So it is a decision of whether you truly want to perform at an elite level — or if you are satisfied with seeing your potential but not doing what it takes to realize it. So it is with trading. Platform and methodology are necessary to compete.
But these two are never enough to become an elite performer. Until the trader learns to be an emotionally disciplined manager of risk as determined by the success or failure of his peak binary option account he remains just a player in a crowd of performers who cannot bring a performance edge to their methodology.
They have the know-how to trade in theory, but they do not know how to trade in practice when the money counts. The defining factor is not what you want peak binary option believe about yourself, but that ultimately matters tremendously in trading. It is about the health of your trading account that determines the development of your potential as a trader.
Your trading account will tell you the truth whether or not you want to hear the news. This is precisely where traders get and stay stuck. They keep looking to the technology of trading, the knowledge of trading, for the answers to their performance problems rather than within themselves. And in doing so, they miss seeing the impact that performance psychology has on trading success. Just about anyone who has been around a while has figured out platform and methodology.
However, psychologically they cannot handle the pressure of risking capital to uncertain outcomes. Trading psychology becomes the stumbling block for many a knowledgeable trader, who cannot move from knowledge to performance.
Trading knowledge does not provide an edge unless the performance psychology is rooted in emotional discipline — planning your trade and trading your plan, peak binary option. The peak binary option of emotions is essential for this to occur. Otherwise every time you engage uncertainty, you force the brain into a vulnerable position — a position in which it could lose. Vulnerability is dangerous to the emotional brain. It interprets vulnerability as a biological threat — not just psychological discomfort.
When you trade and do not accept that control is an illusion, you need to recognize that you are throwing the survival based emotional brain back into the dangerous times from which it evolved. Your trading mind is a set-up for emotional hijacking every time you risk capital with an uncertain future. The survival instincts of your emotional brain short circuits logic every time, until you retrain the default survival response.
Until you can peak binary option this glitch from your evolutionary past, your thinking brain will always be set up for failure due to being hijacked by the power of survival instincts embedded in your emotional brain.
The question is how do you solve this problem so that reason and logic are available to you as you engage uncertainty and risk? This is the hole in your trading strategy. Freedom FROM Emotion vs.
Freedom OF Emotion Emotions are an inescapable reality of trading. These are dangerous notions that attempt to ignore the power of emotions over your ability to think clearly. Emotions are ever present. In fact, the only time that you are not engaged in emotions is when you are dead, peak binary option. So not having emotions to deal with is not an option.
It is learning how to use emotions peak binary option that needs to become your aim. Peak binary option is by employing the intelligent use of emotions that you learn how to create the mind that can trade effectively.
This is freedom OF emotion, peak binary option. First, ask yourself — What is an emotion? Go ahead; take a moment and jot down your answer. What is an emotion to you? Is it a feeling? Is it part of your psychology? Is it touchy-feely? Whatever you believe an emotion is — write it down. Here is the neuro-biological definition that I use for emotion. Emotions are caused by changes in status of the environment.
Now think of all those charts you read for entering trades and managing trades — there are lots of changes in status going on all the time.
And each time there is a change in status in the markets, there is a learned emotional response that is triggered in the trader especially by perceived threats of loss. By definition, you are going to have to become emotionally intelligent if you are going to become a highly effective trader, peak binary option.
There is no way around it, except through it. Now go back and compare your definition of emotion to the one that is given here, peak binary option. Do you see the difference? This is the hole in your trading strategy and performance.
Developing the Mind from Emotion Notice that the mind you engage uncertainty with comes from an emotional base. Thinking or perception does not come BEFORE emotion. Thinking comes AFTER emotion is triggered from the intersection peak binary option primitive beliefs learned by the limbic brain as it engages uncertainty.
It is here that the trader must unlearn what his emotional brain has hardwired about its capacity to manage uncertainty on a survival level and learn to train the emotional brain to engage uncertainty from an emotional base of discipline, peak binary option, courage, self-compassion, and impartiality.
This is the emotional cocktail that leads to a mind that can successfully manage probability. It is not natural, but it can be developed. This is not easy to do or there would be a plethora of successful traders.
It can be learned though. That is just a given. Your biology works that way. You experience this phenomenon every time you fear entering a trading, peak binary option, or, conversely, peak binary option, jump into a trade that is not a planned trade impulse trading. One response is simply fear based while the other is aggression based. This is the adapted route for lightening quick responses to perceived danger in the environment the markets.
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