On this episode of Mind Over Markets, we are taking a closer look at our emotions and - most importantly - our emotional awareness. Emotional awareness is more than just being aware of what moods you’re experiencing. It’s about being able to manage and maintain these natural feelings. All of our emotions lead to thoughts, and you have to be able to manage your emotions before they start to negatively influence your decision-making on the trading floor.
Think back to our earlier episodes. Remember when we said all emotions are based in the subconscious mind? That’s because our lizard brains are designed to react to perceived threats with a fight-or-flight response. Emotions trigger this kind of response, but fight-or-flight is really dangerous if you’re a trader. What we’re talking about on this episode are ways you can learn to identify and interrupt this natural pattern before it takes over and starts controlling you and the way you trade.
We’re both sharing our different strategies for maintaining emotional awareness, but first you have to understand what emotions we’re talking about. Take a look at the 8 basic human emotions, and ask yourself which ones often get the better of you:
Whatever emotion you bring into the trading space, that’s the emotion you’re going to operate in. If you’re an optimistic person, you’re going to have a more optimistic trade experience. But if you’re an angry person, you’re going to be an angry trader, and you might not be too happy with those results. So tune in right now if you’re ready to learn more about your emotions, where they come from, and how to manage them. Because maintaining emotional awareness as a trader is the first step in developing that peak performance state of mind we all need to be the best day traders we know we can be.
In This Episode You Will Learn
