How To Fight Your Survival Instinct To Become A Profitable Trader

Thousands of years ago, we didn’t have the luxury of walking into a grocery store and easily fulfilling our base needs.  We lived in the state of nature, fighting off the elements and other predators, and could not pass up on something that was right in front of us in order to wait for something better.  That something better might not present itself.  Thus, we are wired to take what is immediately  front of us.


This manifests itself in trading.  Once we get the smallest of profits, years of evolution tells us to take that nut and pack it away.  A trader must fight this survival instinct.  Continually taking small gains before a trade has time to work for you is the road to ruin.  You can  pick the greatest stocks the market has to offer, but if you are cutting your profits short, your account will die a slow death.

Fight this survival instinct by having a plan before entering the trade.  Set your stop, set your target, and forget about the trade until either the stop or entry is hit.

If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up for a 7 day free trial at BullsonWallStreet.com.  

If you like this article, follow me on twitter and retweet

2 thoughts on “How To Fight Your Survival Instinct To Become A Profitable Trader

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: