How to Overcome Psychological Toxicity In Your Trading
Every day, people fail in the stock market. And I’m not just talking about the average Joe on the street. Even the smartest 1% of people like doctors, engineers, physicists, and mathematicians, can struggle to make a dime trading. It’s not because of a lack of trying, intelligence, or access to education. The reality is that the #1 enemy facing you as a trader is staring at you in the mirror.
Psychological Toxicity is a collection of self-destructive mental and behavioral patterns, including:
- F.O.M.O. (Fear Of Missing Out)
- Dopamine Addiction
Overcoming these patterns is your most important mission as a trader. It’s more important than learning technical analysis, reading news flow, or managing trades.
And you know what’s really scary? Psychological Toxicity gets worse with age and experience.