By: Timothy Kolawole
The first problem is the big one. If you subconsciously dont feel you deserve to make money so quickly, then when we do get that quick windfall, our subconscious will say, Hey you cant make money that fast! Wed better find a way to give that money back! And believe it or not, you will most likely end up doing just that. That is how powerful your subconscious is. If you have a certain belief about yourself, your subconscious will strive to make that believe true.
The second problem with this mental conflict is it causes people to stay in trades way too long.
Just because the market gave you $1000.in profit in two minutes, it has nothing whatsoever to do with whether the market is going to continue in the same direction. The only way to deal with these situations is to be mentally prepared for them to happen, because they will happen. By being mentally prepared for this type of situation, you act in your own best interest by not letting the lions share of your profits get away from you.
Remember, acting in your own best interest to protect yourself is much more important than finding winning trades. Dont get caught up in thinking the market must keep going if it moved this far, this fast. Keep yourself prepared for whatever it does and you will have much better chance of holding onto your profits.
Republished by Blog Post Promoter