Mental Flexibility - Reason WHY people lose their deposits 👀Hello dear community member 🙌
Do you agree that mental flexibility is one of the most important qualities for a trader? Let's discuss:
• Why is it important
• What happens when a trader does not train the flexibility of the mind
• How to develop it and improve your results in trading
You don't need to look far for examples of why this is important. Let's remember the fall of the 21st, when everyone was expecting the endless growth of the crypto and the imminent capture of the world by dogecoin adherents and Elon Musk. What happened to these people after November? They continued to long into the short market and most of them lost their deposits.
Why do our eyes get blurry? After all, a month after the wrong decision, we hesitantly look back and think: "God, what an idiot I am, how could I not see this ?!"
Man was created in such a way as to adhere to a given plan and not deviate from it even a step. Our hairy cave ancestors saw the mammoth and could follow it for days until it separated from the herd and became a convenient prey. If they hesitated and looked from one mammoth to another, their chances of returning home with prey would be greatly reduced.
"If you chase two hares, you won't catch either"
And it so happened historically that we like to focus on one thing and in many ways it is useful - ONE job, ONE family, ONE faith, ONE and the same bigmac at McDonalds. However, in trading you need to be open to alternative opinions and be able to quickly change your own, because this is a matter of life and death of your deposit.
There are a couple of ways to develop flexibility. From the simplest to the most complex:
🏅 Community. By joining the elite club of experts, you will always get a lot of cool ideas and understand the mood of public. It will become easier to make decisions, as well as change your mind.
🏅 Alternative plans. By preparing the main scenario and the alternative one, you show your brain that both options are acceptable for you and subconsciously you will be more open to a change in the wind.
🏅 Meditation. Daily practice of meditation helps to better feel your inner "I", streamline thoughts, weed out the unimportant, and control your own ego.
Choose what you like and let's build a strong community together!
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