A trader explains how primal instincts around loss and survival sabotage your trades, and walks through the mindset shift needed to run trading like a business instead of chasing quick wins.
Look, we all start out as somebody trying to trade, and that's normal. We all start out that way, and there's nothing wrong with it. We're human beings. But human beings aren't wired to be good traders. And there's a lot of reasons why. But it's a very primal thing. The way I explain it is that a losing trade represents a threat to our survival. On a primal level, we run away from it. We try to avoid it. We want to avoid pain. And that's not what traders do. It's a different mindset. You have to transform yourself. You can't talk yourself into it. So I have these steps that I take people through that's designed to transform someone from a person trying to trade into the CEO of their trading business.
