The Most Important Skill in Trading Psychology
Coaching ourselves to trading success requires that we know our strengths and our vulnerabilities. All of us have our triggers that are associated with the unresolved conflicts and unmet needs that we bring to trading--and to other areas of life. Not as well recognized is that we also have positive triggers that cue us to activate our strengths . If we don't know our positive triggers, we can't establish processes that cue our success and benefit from them. If we can't anticipate our negative triggers, we can't intercept them before they do harm to our trading accounts. The most important skill in trading psychology is self awareness . If we are not mindfully self-aware, we operate on autopilot, miss opportunities to put our strengths to work, and expose ourselves to emotional triggers that can hurt us. If we know our triggers and can actually anticipate them, we gain significant control over our trading. A common positive trigger ...