Page 14 - Psychology Course Study Manual

Are you a losing trader who is trading the same way over and over again expecting different

results? If so, you could be in denial. Look at the list below and see which of these apply to

you:
 Poor or no record keeping

 Consistently losing month after month

 Not profitable

 Feeling helpless
 Frustrated and stuck

 Lying about your trading results to others

 Creating diversions to distract you from reality

 Needing to appear successful to feel successful

 Spending out of control

 Drinking or wild behavior

 Anxious when alone, can’t sit still

If you can identify with two on the above list then you may have a denial issue. There are

different degrees of denial. To be a successful trader you must objectively look at yourself and

your trading. If you are in denial, you are not being objective and are stacking the odds against

you that you.

Be on guard for denial. To catch denial before it gets out of control, look for the occasional

twisting of the truth about your trading results or being lazy about keeping good trading

records.

Denial rarely goes away without being proactive and taking conscious action to intervene.

Always seek the truth in yourself, your trading and in life. Seeking the truth requires energy

and at times is the harder path to follow and accept. As a trader you will not be successful
living in denial. Do whatever it takes to seek the truth.