Why Do Some Traders Keep Making the Same Mistakes?
01/15/2015 6:00 am EST
Rande Howell of TradersStateofMind.com shares a video in which he talks about how success in a different career does not automatically translate into success in trading—often just the opposite—and he discusses what he calls, “The Thief in the Night.”
Why do some people who are extremely successful leaders in other industries not find the same success in trading? It all comes back to discipline and the ability to let go. Basically, it’s about changing thought process. It’s a war between of the way the brain works versus the way the mind works.
If a trader is not willing to leave any money on the table, he will never grasp that the markets don’t care about goals or outcome. The markets are—and will always be—just the markets.
By Rande Howell of TradersStateofMind.com