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Bulletproofing your mind for better trading performance is so important. Many retail traders focus on the strategy aspect of trading forgetting the most important part that is the Mindset. I have been speaking one time with one of the traders that has been in the game for a long time and his trading has been missing some integral parts including this one am about to explain to you today.

He told me of how he can,t hold on to winning trades and how he is so strong and full of faith in holding loosing trades, and right on spot i figured out this guy had nothing wrong, his trading is on point in terms of style and method but the psychological part had some few missing keystrokes. I love the psychological part of trading since it gets uncomfortable when things go wrong or the unexpected happens, all these chemicals are released to help calm you but the reality is always once you mess up there is no way you can make it back. The brain is a masterpiece organ, it can be trained and can adapt on any environment, now this is not a biology class but my point is training your brain to do the right thing over and over in trading is a savior because once you figure out the right trading way, method and approach then its all done.

Decisions you make before you enter the trade whether it is on setup preparations on weekend or Monday morning are always the best ones but once you execute that trade then emotions starts to jump in traders become like headless chicken, when they see few profits floating on the platform Listen Bulls make money, Bears make money but Pigs get slaughtered. If you behave like a pig or a headless chicken then your outcome is ending up on a slaughter house (LOSS). A trader should always act like a crocodile, always slow and gentle but attacks are very deadly, this is how you should be.

HOW CAN I TRAIN MY BRAIN FOR BETTER TRADING MINDSET?

I once listened a podcast about training your brain and the guest had a lot to speak about training your brain for better performance, so i noted down few important aspects that will help you achieve your goal.

  1. Your brain is very fragile but Teachable.
    Its very easy to damage your brain cells and at the same time your brain can be taught a particular way of life and adopt it. Many traders when start trading they destroy the brains ability by consuming the bad trading habits. This is due to a number of factors that the bad habits are very easy to lure you for example getting rich quick, this always makes a trader over leverage and gamble Now once a trader starts gambling that becomes another problem and requires a series of therapy sessions followed by meditation.
  2. Meditation routines Optimizes your brain for better performance
    Most traders go all in in trading and never give the brain a chance to comprehend valid setups. The trader is constantly looking for opportunities and since this is a bad habit the brain adopts it. Remember from the first point the brain is fragile but teachable, So if a trader is constantly consuming bad habits then it becomes a lifestyle. The only way you can avoid this is by giving a break and optimizing your brain via meditations and working out. This will help you in creating the good habits that build a successful trader.
    Forget about becoming rich quick and all will be good.
  3. Remove Ego
    Never ever think of “I have hit the peak in trading” or “I am invincible ” Tim Sykes one of the best traders on planet admitted that its the ego that led him have a huge loss on his hedge fund to a point of shutting it down. You know the most funniest thing about ego is, it tricks your brain that you know too much and this usually leads to very stupid decisions. If you cuddle the ego within you it becomes a habit and requires extra amount of effort in erasing it. As i said the brain is easily programmable but tough to erase. Don’t allow this to infect you.

So these are just few points i believe i have enlightened you in a positive way. Feel free to drop your opinion in the comment section below. See you on the next lesson.

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