Trading losses happen in seconds, triggering intense emotional reactions that most traders can't manage. Without self-awareness about how you respond to money disappearing fast, psychology becomes your biggest obstacle.
If you make a mistake right now with something, the result isn't immediate and it's not financial. Right away with trading, if you make a mistake, depending on your size, depending on how much money you put in, 5k, 10k, 15k is down the drain. The immediate aspect and then the immediate reaction you get is what causes people to go until. Imagine you do something right now, and you get an immediate negative response that will cause you to have a reaction. But whatever you do now in other industries takes time. Real estate, if you lose money, it'll take six months, five months. And trading, it's seconds or minutes. And that reaction, people don't know how to deal with because they don't have a good understanding of themselves. That's where like you hear trading is a lot of psychology. It's a lot about you knowing yourself, knowing how you respond.
