A short spoken excerpt addressing a specific emotional state traders experience where they retain partial self-awareness but cannot translate it into control, causing escalating self-criticism and revenge trading that can blow up accounts.
This level right here I think is the hardest for traders to deal with. So here this is when you are clearly making mistakes and the problem is that you still retain enough self awareness when you're at a hundred and you're in that blind rage, blind panic emotional systems totally shut down. I think the blindness in terms of how we typically describe these things is a function of our awareness just going by the wayside raptured by our emotions and we lose control entirely but at 80 you still retain enough self awareness without the ability to translate that awareness into control into action into stopping yourself. Really really hard for traders to understand this concept and problem is that when they're in this position there's a ton of self criticism that happens. So now you make mistakes in this position and then it just keeps accelerating. So think about some of the blown accounts frustration the rage that builds here is like this is where revenge trading really kind of clicks in.
