Coaches Corner - Mental Blocks | Episode #11
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Coaches Corner - How A Block Affects Your Trading | Episode 11
What is a Trading Block?
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When your conscious mind is taken over by an unconscious action
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Your subconscious is reacting to the trading situation
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Effects on your trading
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Entering too soon
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Not entering at all
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Emotional stoppage – brain freeze
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Focus on fears
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Exiting too soon
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Not being able to evaluate a bad trade
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Going into denial
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Moving stops in wrong direction
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Moving profit targets to unrealistic levels
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Becoming the dear in the headlights
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Physically ill- tightness in stomach muscles, feeling ill, tightness in face, headaches, agitated feelings, anxiousness and more
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What traders might typically say?
“I know what to do, but can’t do it”
“I see the set up and know exactly when I should get in but I can’t seem to enter.”
“I can get in the trade ok and at the right time and then when I am supposed to exit I freeze”
“I’m frozen, paralyzed and can’t pull the trigger.”
“I watch what’s happening and know I should wait but I rush in thinking I can get a better price instead.”
“I can make money in SIM mode no problem but when I go to trade live I can’t seem to do anything right.”
“I feel like I am crazy knowing what to do and reacting in a totally different way.
How BLOCKS get installed
Blocks are installed by the same repetitive actions whether they are positive or negative. They get magnified by any experience that is similar and the effects increase over time.
A persons past beliefs about money can bring out unwanted trading reactions when your money on the line.
Just be thinking the same thought over and over can install emotionally fearful block.
Things you can do to reduce the block and its reactions?
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First identify you have a block – then focus on overcoming it
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Do the opposite whenever possible
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Use repetition with the opposite action to work the new behavior
Great Trading! - Robin Dayne “The Trader’s Coach” 702-616-3744 rdcoach22@yahoo.com
Not for Distribution. Copyright 2012-13 Robin Dayne Inc. All rights reserved.
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