Trading success is all about making good decisions and then taking the correct action in a timely manner

If you can’t do that, then little else you do matters

That’s why in this series, we’re focusing on specific psychological challenges that trading presents

I’m also sharing specific steps you can take to address them if you’ve been encountering them in your trading

In my last email, we looked at how Jeff has been struggling with pulling the trigger, going ahead and entering the trade when the setup forms

One aspect of this particular problem is the established pattern of hesitation

So I recommended specific steps to interrupt that pattern – read them here

The second part of this particular situation is programming a new, healthier and more desirable pattern

So Jeff is now taking time every day to visualize – and enjoy – the perfect execution of his trade entry

This begins with writing that scene out in detail, scripting the visualization

And this, combined with breaking the old pattern, is how he now changes his experience and his response to the various cues and stimuli that trigger it

From a higher level, when dealing with a specific action or behavior, applying behavioral psychology is the appropriate approach

When the matter is of a different nature, then a different approach is needed

In the next of this series, we’ll look into yet another aspect of trading psychology, a different specific situation, and how to attend to it

Hope this helps!

Cheers

Brian McAboy
Trading Coach

P.S.  If you want don’t want to wait for the other lessons in this series and you’re ready to get past some of the obstacles that have been holding back from success, here are a couple resources that will give you understanding and actions to take

Click here to check out the “Trader’s Guide to Emotional Management”

Click here to check out “Getting Your Mind Right For Profitable Trading” online video course