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Profe$$or

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Profe$$or

Re: None

Sunday, 11/25/2007 10:29:13 PM

Sunday, November 25, 2007 10:29:13 PM

Post# of 137481
After very profitable winning streaks, there is a natural tendency for traders to become complacent, to get lulled to sleep by an accommodating market. It is my belief that comfort is the archenemy of the trader. Why? Because proper trading is one of the most unnatural activities an individual can undertake. If something is psychologically pleasing, in most cases it is wrong! On the other hand, if a particular strategy or approach is psychologically and emotionally difficult to pull off, the odds of it being right are very great. This is why the feeling of complacency or contentedness is usually a sign that you are doing something wrong. The right thing to do is not always the easy thing to do, and that which is wrong is often accompanied by an enticing sense of ease. It is this paradox that makes the art of trading so difficult to master. Unfortunately for us, it is the one great disadvantage of being human, of having human emotions. However, for the enduring trader, this condition, this war between what is right and what is easy, does not remain in place forever. Myriad experiences of pain and joy, triumph and failure, will begin to train your internal systems to feel as if they are in reverse. Through experience, new neurolgoical paths will be established, which will set up new thought processes, new responses, and new feelings. After making decent progress, what is right will start to feel right. Once the transformation has occurred, the wrong action, even the wrong thoughts, will send a message of pain and discomfort to the central nervous system, acting as an automatic internal alerm system. In other words, traders, through a process of continual growth, begin to change their entire network of psychological and emotional responses.

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