Saturday, June 5, 2010

Weekend Thought About Trading

I believe every school in this world taught us most about exact science than abstract science. We learnt that 2+2 equal to 4. We learnt about pysics, chemistry, everything about the exact science. We also studied history of our nation, world, literature, art and everything that already happened.

So, what is that mean? Since childhood, our brain have been set by the living standard. Our subconscious mind are filled with absolute teaching. It became our habit to analyze something that already happened. Every event in this world seemed must have a reason. "The event...then why did that happened ?" struck every human mind and it's even heavier cause on smarter people. Sometimes some people become a "visionary". They are like a fortune teller with a bunch of argument, facts, and historical event. So if it's happening to you, it's not your fault. Our brain has been programmed to do that since the first time we have our education. We tend to analyze thing, making asumption and so on.

What it has to do with day trading? A LOT!!
As a day trading, WE MUST NOT ANALYZE THING FIRST THEN ACT. WE MUST ACT FIRST THEN NOT THINKING. We saw our chart doing something and started to thinking why it's happening. Well, after you draw a conclusion, the market already stopped moving. I've doing this mistakes many times. I acted like a smart people. Sometimes I did that until now. It's quite difficult to delete my "programming brain since I was 4 years old".

Some professors on famous university despises the day trading work as a loser career, an addicted gambler. Because they won't become a sucessfull daytrader. Their analytical skills prevent them to do that. Do you know why ex famous athelete tend to become a better trader, especially from the competitive sport? Because they used to act first analyze later.

So if your trading not having an improvement. It's not your fault. Maybe you have to get rid the programming brain of yours. And it'll take a lot of hard work....

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