concentration

12 advice, how to achieve self-control and success

TalentSmart company, developing and evaluating emotional intelligence (NO) - the ability to be aware, understand, create and manage emotions - presented the results of the latest study based on a survey of more than a million people. It revealed, that people with a high EI live best (90% respondents from among the most successful). The cornerstone is self-control: to achieve success, do not hit with the palm of your hand, but with a tightly clenched fist. It's not easy to learn, and losing self-control is easy. Psychologist Martin Seligman Group (University of Pennsylvania) asked two million people to distribute 24 their skill or skill in descending order. Self-control is in the very last place.

Perception of loss

Quite a few books and articles have been written about, how to make money in the markets. Some of them are even written by people., who made money themselves as traders! but, you do not often see books or articles dedicated to this, how to properly lose money when trading. “Cut your losses and let your profits grow” is the most common advice. How to define, when the position becomes losing? Interesting, but most traders, whom I knew, could not clearly formulate the answer to this question, when you opened your positions. They focused on entering, but then, did not have a clear idea of ​​the exit especially, if this exit was in the "red zone". I am convinced, that one of the real problems is the difficulty of traders to separate the reality of a loss in a particular trade from the psychological perception of oneself as a loser. At a certain level of their development, many traders equate trading losses with personal failure. It upsets and depresses them, making them uneasy. Eventually, it affects their future decisions, because their gains and losses become arguments against their self-worth. As soon as a trader starts to focus on himself, instead of concentrating on the market, distortions in trading decisions become inevitable.

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