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® “Home-Study Course” Study Manual Page 42
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Even with a profitable and proven trading approach, many traders will
fail. If they do not have the proper belief system to trade, they will lose.
In other words, they lack “The Trader’s Mindset.”
Self-Awareness
When you encounter a psychological trading issue it is best to recognize
the issue, and don’t deny it. To eliminate psychological obstacles, you
must first become aware of the obstacles and the issues causing them.
This requires “Self-Awareness”.
In psycho-analysis a psychologist or psycho-therapist helps the client
first see the problem. The reason this process can take so long, perhaps
even years, is because each individual will have varying levels of denial.
After they see the problems they must take responsibility for them.
There is little room for denial when it comes to trading issues. Not if
you want to be consistently profitable.
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