HUMANS ARE NOT BIOLOGICALLY WIRED TO BE TRADING & HOW TO OVERCOME THIS
@rian_mckay had me on his podcast @around_the_blockchain and asked, “How important is mindset for a trader? In the industry, you hear people say, “Don’t get attached to any kind of outcome”, what sort of stuff do you teach in terms of mindset that help prepare students for successful trading?”
You can have the most profitable strategy that backtests with 100% strike (win) rate, but if you don’t train your mind to have a bulletproof trader’s mindset, then you will lose with that strategy. Yup. That serious. ☝🏼
But why is this so? 👇🏼
It’s because humans are not meant to be traders. We do not have the right biological wiring to be good at surviving in the markets in the long run. But it’s not impossible – it just takes work. 💪🏼
We need to DECONDITION and REWIRE our minds before trading 🧠 We need to learn how the human mind words and learn how to overcome the 2 biggest killers in the markets: Fear and Greed.
Trading is super uncomfortable because no particular outcome is certain. Humans like certainty. When you are going against what you are biologically wired to do, things get shakey. That’s why every human needs to work on their mindset before they can expect to see profits in the markets.
So many people do’t do it and skip it, and that’s why most traders fail. I do everything I can to make sure all my students go through every👏🏼single👏🏼module👏🏼video👏🏼and👏🏼lesson👏🏼 on mindset. Crypto Trading Mastery starts with 10 lessons on Mindset then ends with another 12 🙊 This teacher ain’t playin’ around 🙅🏼♀️
Want to see more of this interview? Head to https://youtu.be/YWtmWWKTSwY or click “WATCH NOW” below if you’d like to watch the full episode!