It's good to always be aware of these aspects, to be able to detect them and act in time.
As a former professional poker player, I'm very clear about the importance of psychology in investing/trading.
You can have a very solid strategy, but if the mental aspect fails, everything fails, no matter how good you are.
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It's good to always be aware of these aspects, to be able to detect them and act in time.
This is one of the most important. It can make you get out of a position at the wrong time.
One of the main reasons you can have fear is because you are putting more at risk than you are willing to lose.
Tip: reduce the size of your position until you are comfortable.
Greed can be even worse than fear. It leads you to be overpositioned and to destroy your average entry.
Tip: learn to conform to what you have. Practice gratitude for everything that comes your way. Remember that the most important thing is to stay in the game.
This is well known in poker. There are many reasons why tilt can appear (downswings, injustice, mistakes...)
Tilt takes you away from your perfect strategy. From your A game.
After a losing streak you may think that the market is being unfair to you.
The market owes you nothing.
Tip: focus on long-term results, not temporary streaks. Try to enjoy the process of failing, because every mistake is a lesson.
After a good run, you may think that you are the best, that nothing can stop you, that you have already passed the game. This leads to poor decisions later.
Tip: mantain a cool head and a clear mind. Again, focus on the process and not the results.
Lack of motivation is very common. Never think that you know everything. There is always something new to learn.
Also, never think that you don't know anything or that you are not valid for this. Consistency is key.
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THREAD PART 1.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙

He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq

"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.