Trading Psychology Practical Tips, Part 4

Barry Burns

7 years ago

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Feedback loops.

Need a person outside of yourself. Here are 3 ways to do that:
- Can be a friend.
  - They hold you accountable, but not necessarily better than you to actually help you.
- Can be a trading room.
  - You watch their trading, but you really need someone to watch YOUR trading.
  - Makes you dependent.
    - Only security is to have a skill you own.
    - Be self-empowered.
- Can be a coach.
  - Only way this works well is if they look at YOUR trades and give you the feedback.