The Science of Winning Part 3

Traders are often advised to approach trading as a business. To some extent that’s good advice, because many of the reasons small businesses fail apply to traders, as well. However, if you compare trading to operating a normal small business I think you will also find some significant differences…. mainly because it has all the issues one faces in a small business, but they are time compressed.

When we compress time, we can change the nature of things from benign…to more stressful.
If you want to win at trading you need to realize that, as far as your brain is concerned, trading is a competition… an intense competition. Therefore, you need to focus on your stress reactions and manage them proactively.

 

About the Author Dr. Kenneth Reid

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