You only learn about pain or insight
Hello dear traders,
Trading is a business, you win or you lose. The fundamental question is, how do you make it that the profits are higher than the losses? There is no unit type and no recipe for success.
To be successful in the trading business, I have to know myself 100%. Now you will laugh and think that you know yourself best, because after all, you experience yourself every day. Unfortunately, we are mistaken in this assumption. How often are we alerted by others to our bad habits that we no longer notice.
How should we correct mistakes in the trading business that we may not even notice? Solution: We simply copy the successful traders. But if two do the same, it is far from the same. Successful people differ from less successful people by the match of personality structure and behavior. Less successful people imitate other people and do things that are different from their nature and personality. So it's important to know your personal traits and act accordingly!
The solution is found in our brains. From the brain comes our pleasure, joy, pain and suffering. Through the brain we think, see and hear. Nature has equipped humans with 3 different brains.
The reptilian brain is the first and oldest brain. It is the brain of the past, memory of the experiences of billions of years of life, the seat of primal instincts, desires and life programs, self-preservation and preservation of the species.
The dinosaurs were herbivores and multiplied numerous. Suddenly there were carnivores, their own life was threatened. Time for another brain that could quickly decide between attack or flight.
The limbic brain is the second brain of the present, the lightning-fast response to the moment, the brain of emotions between fear and aggression, self-assertion to the environment.
Thought processes and the logical connection developed with the primates. Time for another brain, which was able to plan and arrange.
The neocortex brain is the third, youngest brain. It is the brain of disposing of the future, the possibility of conscious planning, precautionary action, the brain of abstractions and logical connections, of self-confidence and individuality.
Everyone has these 3 brains, let's take a closer look at these brains related to the trader's profession.
Reptilian brain
Orientation: past
Setup: Aligns too much with other traders
Entry: Has a good empathy, but dares too little
Trade Administration: In the calm lies the power
Exit: Get out too early, because he relies on safety.
Behavior on profit: Balanced
Behavior on loss: Balanced
The reptilian brain has a hard time trading because it works more isolated on its own, communication with other people is preferred. The empathy for very good chances is best developed, but one dares not enough. Problem is that one listens more to others than to oneself. Losses cause you to give up quickly. Profits are not invested because you put too much security. The chance is greater than the risk you are willing to take.
Limbic brain
Orientation: present
Setup: Orient only to itself
Entry: Courageous but also thoughtless fast entrances
Trade Management: Is always hectic
Exit: Too late because he hopes for a turnaround
Behavior on profit: exaggerated joy
Behavior on loss: Excessive frustration
The red brain is in a sense a danger but also a great opportunity. The most daring trades are entered, which leads to huge profits or huge losses. You do not hear others because you know better. Losses lead to revenge trades, you want your money back, cost whatever it takes. Here there is only black or white, all or nothing. Either millionaire or welfare recipient. The risk is higher than the chance.
neocortex brain
Orientation: future
Setup: Oriented only to numbers, data and facts.
Entry: considered and strategic entrances
Trade Management: Works on its defined rules
Exit: Increases too late or too early because it trades in numbers and facts.
Behavior on profit: hardly any reactions
Behavior in case of loss: hardly any reactions
The blue brain is always busy analyzing and correlating numbers, data and facts. Only if all parameters are correct will a trade be entered according to clearly defined rules. The suggestions of others are analyzed carefully and if they are convincing, they are incorporated into the own concept. Losses make you question your concept and spend a lot of time creating a new concept. Chance and risk are balanced here.
Every human being has these three brains, which, in spite of great differences in structure and function, must work together and communicate with one another.
The big question is how strongly the respective part of the brains reacts in certain situations.
This results in an infinite number of possibilities, which in detail reflect the personality of a person. Decisive for an improvement is always the insight that something would have to be improved. Role models are well suited for this. Not to copy the role models, but to learn from them first. Then I can train my own personality in the learned area.
So you could classify the traders in 3 categories:
1.The feeling trader
2.The dominance trader
3.The numbers data facts trader
All these categories are equally successful, the key is the right mix at the right time. However, the individual situation of the individual trader is also important. First of all, no pressure is allowed. If you have to live off the trading, the pressure is much higher than if you use money that you do not need.
Try to find out what kind of trader you are. Then start looking for role models. But beware, too often we look for like-minded people, they do not help us, because they think the same way as we do. In order to change something, you should look for someone as a role model who thinks completely differently than you do. If you decide on this direction later, you decide. It is important, first of all, to change your thinking. After that the action takes place.
Man learns only through pain or insight, when pain and insight come together the learning success is the greatest.
I wish you every success in doing the right thing.
Best regards
Hello dear traders,
Trading is a business, you win or you lose. The fundamental question is, how do you make it that the profits are higher than the losses? There is no unit type and no recipe for success.
To be successful in the trading business, I have to know myself 100%. Now you will laugh and think that you know yourself best, because after all, you experience yourself every day. Unfortunately, we are mistaken in this assumption. How often are we alerted by others to our bad habits that we no longer notice.
How should we correct mistakes in the trading business that we may not even notice? Solution: We simply copy the successful traders. But if two do the same, it is far from the same. Successful people differ from less successful people by the match of personality structure and behavior. Less successful people imitate other people and do things that are different from their nature and personality. So it's important to know your personal traits and act accordingly!
The solution is found in our brains. From the brain comes our pleasure, joy, pain and suffering. Through the brain we think, see and hear. Nature has equipped humans with 3 different brains.
The reptilian brain is the first and oldest brain. It is the brain of the past, memory of the experiences of billions of years of life, the seat of primal instincts, desires and life programs, self-preservation and preservation of the species.
The dinosaurs were herbivores and multiplied numerous. Suddenly there were carnivores, their own life was threatened. Time for another brain that could quickly decide between attack or flight.
The limbic brain is the second brain of the present, the lightning-fast response to the moment, the brain of emotions between fear and aggression, self-assertion to the environment.
Thought processes and the logical connection developed with the primates. Time for another brain, which was able to plan and arrange.
The neocortex brain is the third, youngest brain. It is the brain of disposing of the future, the possibility of conscious planning, precautionary action, the brain of abstractions and logical connections, of self-confidence and individuality.
Everyone has these 3 brains, let's take a closer look at these brains related to the trader's profession.
Reptilian brain
Orientation: past
Setup: Aligns too much with other traders
Entry: Has a good empathy, but dares too little
Trade Administration: In the calm lies the power
Exit: Get out too early, because he relies on safety.
Behavior on profit: Balanced
Behavior on loss: Balanced
The reptilian brain has a hard time trading because it works more isolated on its own, communication with other people is preferred. The empathy for very good chances is best developed, but one dares not enough. Problem is that one listens more to others than to oneself. Losses cause you to give up quickly. Profits are not invested because you put too much security. The chance is greater than the risk you are willing to take.
Limbic brain
Orientation: present
Setup: Orient only to itself
Entry: Courageous but also thoughtless fast entrances
Trade Management: Is always hectic
Exit: Too late because he hopes for a turnaround
Behavior on profit: exaggerated joy
Behavior on loss: Excessive frustration
The red brain is in a sense a danger but also a great opportunity. The most daring trades are entered, which leads to huge profits or huge losses. You do not hear others because you know better. Losses lead to revenge trades, you want your money back, cost whatever it takes. Here there is only black or white, all or nothing. Either millionaire or welfare recipient. The risk is higher than the chance.
neocortex brain
Orientation: future
Setup: Oriented only to numbers, data and facts.
Entry: considered and strategic entrances
Trade Management: Works on its defined rules
Exit: Increases too late or too early because it trades in numbers and facts.
Behavior on profit: hardly any reactions
Behavior in case of loss: hardly any reactions
The blue brain is always busy analyzing and correlating numbers, data and facts. Only if all parameters are correct will a trade be entered according to clearly defined rules. The suggestions of others are analyzed carefully and if they are convincing, they are incorporated into the own concept. Losses make you question your concept and spend a lot of time creating a new concept. Chance and risk are balanced here.
Every human being has these three brains, which, in spite of great differences in structure and function, must work together and communicate with one another.
The big question is how strongly the respective part of the brains reacts in certain situations.
This results in an infinite number of possibilities, which in detail reflect the personality of a person. Decisive for an improvement is always the insight that something would have to be improved. Role models are well suited for this. Not to copy the role models, but to learn from them first. Then I can train my own personality in the learned area.
So you could classify the traders in 3 categories:
1.The feeling trader
2.The dominance trader
3.The numbers data facts trader
All these categories are equally successful, the key is the right mix at the right time. However, the individual situation of the individual trader is also important. First of all, no pressure is allowed. If you have to live off the trading, the pressure is much higher than if you use money that you do not need.
Try to find out what kind of trader you are. Then start looking for role models. But beware, too often we look for like-minded people, they do not help us, because they think the same way as we do. In order to change something, you should look for someone as a role model who thinks completely differently than you do. If you decide on this direction later, you decide. It is important, first of all, to change your thinking. After that the action takes place.
Man learns only through pain or insight, when pain and insight come together the learning success is the greatest.
I wish you every success in doing the right thing.
Best regards
Forget:That does not work, amateurs build the ark, pros the Titanic!
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