Rebel Traders 014 : It’s a Banana…
In this week’s Rebel Traders, Sean and Phil tackle the trader trap of self-deception discuss strategies to create clarity and filtering out the noise to focus on what is actually in front of you... Even if it's a Banana...
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The Rebel Traders are at it again with a rather cryptic and oblique “It's a Banana…” reference to a classic skit from the legendary Sci-Fi comedy series Red Dwarf (No, sorry, no Minions in this episode) as they tackle a very common trader trap that entangles both professional and retail traders alike, the dangers of self-deception.
As they highlight the problems this can cause in your trading, they also discuss solutions that give you clarity, focus and help you cut through your own internal noise to focus on what is actually in front of you to say what you actually see…
3 Key Takeaways From This Show
- Be aware of the internal noise and apply mental filters
- Don’t be afraid to walk away to get focused. That includes bad trades or other situations.
- Refine your cognitive bias with actual experience and foundational strategies to hone that skill in to a fine edged trading weapon…
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