The Emotionally Intelligent Trader: Integrating Reason and Instinct Together
04/16/2015 6:00 am EST
Rande Howell of TradersStateofMind.com explains why trying to completely block out emotion in trading is not possible nor is it the best approach to take. Rande suggests that a healthier tactic is to try to quiet the mind down and integrate emotion and instinct with logic and reason.
The emotionally intelligent trader has access to more than to just reason. He has access to his emotional nature as an ally in creating his traders state of mind. Every trader has experienced their intuitive instinct, but few know how to integrate it into their performance mind while trading. Yet, it is one of the big differences between average traders and highly profitable traders. Trader education is focused on logic and reason to the exclusion of emotion.
By Rande Howell of TradersStateofMind.com