Trading reality distortion can happen when traders seek a quick easy dopamine hit to relieve their stress and fear. This can lead to fantasy expectations which a trader may start to believe as truth.
What can a trader do? Click here or in the video below to find a more constructive way.
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It is natural for us to look for ways to get money as quickly and easily as possible. As people, we are always looking for evidence to support what we seek, and there are many so called experts who will tell us what we want to hear.
This being the case, it can be challenging to separate the reality from fiction.
In reality there are very few ways to get money fast and easy, and they all involve low odds and luck. Winning the lottery, being born rich, and being in the right place at the right time are examples of this.
Yes, you can make tons of money trading money but, if done responsibly, it is neither fast nor easy.
People often latch onto these fantasy expectations like, “All I have to do is to find, follow, or create a set of instructions and I can feel comfortable and be sure that I’m going to make money on every trade.”
Understand that trading successfully isn’t as easy as following a recipe that will give you the same results every time. As the market changes a trader would need to use different ingredients to get a good result. Using the same strategies and techniques in every market can lead to disappointing results.
You can make a lot of money trading but you have to acknowledge that it will take time, training, and experience to be successful at it.
Learn more about this topic and many others to improve your trading mind by watching all of our future and past Trading Performance Podcast episodes!
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