Arrogance: it is hard to break old habits

The arrogance – one of the most common psychological problems of traders. By recklessly inclined to all people, but some of it may reflect deep psychological conflicts. Sometimes, however, the arrogance – just a matter of difficulty breaking old habits. Sometimes, trading strategies executed by us “too automatically, even if the rules were not quite correct. Sometimes we need to learn that behavior or “retrained” trading. It is vital both to hone your trading skills so that you can conduct transactions freely and intuitively. The thinking is limited, but with practice you can simultaneously perform multiple tasks and to “expand” the scope of thinking. The best example of an automatic task – driving. When you first learned to drive, it was very slow: You have concentrated pressed on the brake, when the expected potential and will focus on the gas pedal, when everything went well. With experience, however, much of your driving was “automatic” and you are no longer needed to pay attention to the routine. Now, as an experienced driver, you can easily cope with multiple tasks on the move: setting up the radio, look in the mirror, tracking speed.

This psychological process occurs in the accumulation of experience in trading: You no longer need to carefully assess any opportunities. You can now operate “intuitive” and been right most of the time. This form allows you to automatic work effectively traded. You can do more with less psychological energy.

But what happens when trade on “autopilot” no longer works? Market conditions constantly change and the strategy that worked last week, can not work today. When this happens, you must learn to use the new strategy. However, it may be harder than it seems.

Have you ever tried to change the approach after it developed a skill? You tried to improve the scope of golf clubs or use a new way to use the thing after many years of practice? Sometimes it is harder than starting over. You must learn the method of competing and try to stop using the old. For example, look at the man who learns to drive a car with a manual transmission after several years of driving with the automatic. In many ways it is similar to re-driving training. It is necessary to press the clutch pedal without removing the foot off the brake pedal, turn first gear and gently squeeze out the clutch as the movement. But there is a big difference to when you learned to drive at the beginning: It took years, and there is a strong desire to forget about concentrating on new skills and do it the old way. That is, you can not forget to squeeze the clutch when the brakes are, or will you change gears without the clutch. This is – a form of “arrogance”. All forget that they do not know how to drive a manual transmission and return to the “old” automatic mode. The same thing can happen when you try to explore a new approach to trading, you can trade “automatically” if you forget to be careful. When learning a new skill to be focused and deliberate. Pay attention and focus on each step until you replace the old method new. Remember, old habits are hard to break, but if you focus and practice, you can replace the old approach to new

Similar articles:

• Does not reduce the probability (the percentage of successful traders)
• Of course the American teacher for 10 000 $
• Rules Risk of Management of my INSTRUCTOR
• Victor Niederhoffer
• Something about the subconscious. Conflicts

nyse    Articles     accumulation, arrogance, golf clubs, look in the mirror, new strategy, old habits, psychological conflicts, psychological problems, radio, scope, trading strategies

If you enjoyed this article please consider sharing it!