Why Emotions and Beliefs Are Crucial to Trading Performance

12/17/2014 6:00 am EST

Focus: STRATEGIES

Rande Howell

Founder and Owner, Trader's State of Mind

Rande Howell of TradersStateofMind.com shares a video in which he highlights why—contrary to popular belief—emotions and beliefs can actually serve as contributions to trading performance.

Fear and overconfidence destroy the capacity to achieve goals, no matter how well thought out. The problem is that traders ignore the contribution of emotions and beliefs to their trading performances. This is the link between Outcome Goals (what you want to achieve in the future) and Performance Goals (what mind you want to bring to the performance of execution).

By Rande Howell of TradersStateofMind.com

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