Are you aware that normal, “rational” thinking and decision-making could lead to bad trading decisions? Have you ever thought that your trading losses could be caused by thinking errors i.e., mental blind spots? We don’t think much about our thinking, and hence these thinking errors often go unnoticed. Most of us do not know our normal way of thinking and decision-making can be detrimental to our trading.
These thinking errors, also known as “cognitive biases” and “heuristics,” often lead to wrong trading decisions and trading losses. The cruel irony and danger are you don’t even know you are committing these thinking errors. You have worked hard and developed solid technical skills and strategies. Yet you cannot apply these skills and strategies successfully to trading. Did you wonder why?
Covered in Traders Mental Blind Spots:
- Traders’ common mental blind spots
- Why our thinking and decision-making work well in our everyday lives, but fail in trading
- Specific key mental blind spots relevant to trading and common to all traders so you will understand what you are likely to encounter in trading
- The characteristics of problematic thinking so you will know what to look for
- Specific steps you can take to help you think clearly, avoid becoming hijacked by mental blind spots, and help put yourself into the best mental space to trade in your “zone”
Understanding these mental blind spots will give you an edge at the trading table. Join us to learn about these thinking errors, how to recognize them, and the specific steps you can take to address them. The knowledge itself can help bring you closer to your goals. with this knowledge and a few simple steps, you will be in a better position to make sounder trading decision, execute your trades better, and see your profits grow.
So traders, what are you waiting for!
Dr. Gary Dayton is a licensed psychologist and certified mindfulness meditation teacher. He holds a Psy.D in clinical psychology, a certificate in sports psychology, and a certificate in teaching mindfulness meditation. Dr. Gary stands apart as a trading psychologist in his use of the Mindfulness-Acceptance-Commitment (MAC) approach to peak performance, a model of human behavior based on cutting-edge psychological research. Dr. Gary’s book, Trade Mindfully – Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology, is rated 4.6 out of 5 stars in Amazon.
The book was written specifically for traders to guide them in developing the necessary mental skills to trade successfully. Dr. Gary Dayton has worked with individual traders, hedge fund managers, and investors to help them develop mental skills and improve decision-making to achieve consistent peak performance in trading.