A short instructional segment (from a Kardec Trader video) explaining common psychological barriers traders face—specifically difficulties following stop-losses and problems with patience—and advising traders to identify their personal mental blocks and build systems to address them.
Our job as traders is once again to understand what is our mental blocks, what are things that are impacting our trading from a personal psychological level. So I'll give you guys a really quick example. I know traders that have a really hard time following their stop. Now the reason they have a hard time following their stop is because they don't want to lose money, they don't want to be wrong or every time a trade goes close to their stop they're immediately like, oh well, this will go higher. Then I have other traders that have a really, really easy time unfollowing their stop, but they have a terrible time sitting on their hands or being patient or not letting a trade formulate the way it's supposed to formulate. Your job as a trader is to identify what problems pop up into your trading, right? What type of psychological problems pop up into your trading and how can you create a system to tackle these problems.
