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As you trade, have you ever heard a little voice inside talk about only what is going wrong? As the market moves against you, the voice whispers, "My money is on the line. What if I lose? What am I going to do? How will I meet my financial obligations this month? I need to win! The little voice moves you away from your ongoing, immediate experience to your emotions, what may go wrong in the next m...
Making profits as a trader is often a matter of trading in the proper state of mind. Trading expert Dr. Van K. Tharp, author of several best-selling books on trading psychology and head of the Van Tharp Institute, describes three states of mind that may dictate how you approach trading. As traders gain experience with trading the markets, they move from a "having" state of mind to a "doing" state...