Correct, the Brain and how it works is a pain isn't it.
I simplified my system today, information overload was causing a lack of trades we'll see if it helps!!
Some of the best traders I've known are dumb dumb dumb you give them a set of rules they don't understand and they run off and follow it faithfully while I'm still 2nd guessing myself and blowing my account.
Turveyd, also not so rigid la.Have you seen ,shooting range, reflex training before.
Trading is something like that.
There is the alertness that certain situations are in progress, as the market moves. Some are just noise info, some are distigushable clues. The mind has to be alert to the change of the situations, and some form of respond is required. You need make swift and productive judgement calls. If you sit to think about the actions required, chances is you missed. If you react recklessly, chances is you err. So you need be focus and alert to that change.
If you distract yourself with analysis, while you should be in alert and reflex mode, what are the chances that you can pull the trigger in time.
However , without constant analysis and undating of the change, its hard for the mind to recognise that a response is required.
Mostly traders are trained into pictorial(chart) change of situation as the price feed updates. His task is to update that to as analysied situational pic in his mind (fundemantals) and to come to a quick determination of the best response. And that decision is bi-normial. buy or sell,its just that simple.
All other factors are just distractions to the process. esp personal issues......... ego,inferiorities,fears, ie personality.
The more personality come into the decision process, the task get really uphill.
regards
PS some traders are even tasked with other non valid fears , like being underfunded or overtrading. these are real killers to trading mindset.
