These internal hurdles set
back personal trading performance
Is trading success
determined by nature or nurture? Certainly there are personal traits that are a
‘gift’ to some traders and there are those that handicap others. Good
thing is traits are not cast in stone.With determination and help, individuals
can modify their own behaviour.
Internal hurdle 1 – Cannot
follow rule
In a traffic system that has
clear rules, there are still individuals who choose not to comply at the risk
of their own safety
- Act according to personal whims
- Harmful, self-destructive behaviour
- Unable to follow plan
Internal hurdle 2 – Like to
catch a falling knife
- Catching low is a phenomenon that happens more often in the stock market among individual investors than in forex trading.
- Cheap can get cheaper.
- Then when price is zero, well it is really really cheap.
If hurdles 1 and 2 are most
associated with individuals who have very strong opinion about what they want
to do or achieve, the next two hurdles are likely to be associated with
followers.
Internal hurdle 3 –
Following the wrong crowd
- As we can see from 0:40 – 2:02 if jumping over the cliff did not kill, bravely swimming to where no one has swam before will.
- ‘You jump I jump‘.
Internal hurdle 4 – No
conviction
Eternally in a different
state and always out of phase
This one lacks conviction to
follow and jump and lacks conviction to NOT follow and jump
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