In many cases, the answer is yes. Without really even knowing, traders get caught up in a whirlwind of emotional trading where greed, fear, revenge, and overconfidence are calling the shots.
On the one hand, it’s tempting to believe that trading ‘like a machine’ would result in far better outcomes. No emotions, no mistakes — right?
Unfortunately, there are a few problems with that approach. For one, traders are human beings. They can’t avoid feeling emotions.
Second, emotions don’t always lead traders astray. They can offer traders valuable information that can help them to learn and grow.
Emotions become problematic when they rule a trader’s decisions.
Rather than attempting to shut off their emotions, I propose that the trader’s real work is to know and understand them.
By getting curious and inquisitive, it becomes possible to get to know and observe these emotions and their effects. These are vital steps to keeping emotions in check.
Ready to get curious?
Ego and Inner Gremlins, authored by The Wall Street Coach, Kim Ann Curtin, will guide you through the process of identifying and beginning to understand how your ego and inner gremlins may have an impact on your trading.
From there, you’ll learn actionable ways to tend to those emotions in a constructive manner. You’ll learn how to be self-aware and realize when it is your gremlins talking and not you.
Purchase this book today and become a more logical trader tomorrow.
ABOUT THE AUTHOR: KIM ANN CURTIN
Kim Ann Curtin has worked in finance for three decades including 18 years as a coach. She has coached traders and executives for Bank of America, Blackstone, King Street Capital, Morgan Stanley and many more. Her clients include dozens of profitable retail traders. She helps traders end the cycle of self-sabotage and increase profits.
Kim is the author of “Transforming Wall Street: A Conscious Path for a New Future.” The book features 50 Wall Street legends including Bill Ackman, Jim Rogers and John Bogle. Her latest release is “The Five Practices to Become a Better Trader." This eBook fuses Kim's wisdom with insights from top traders including Jack Kellogg, Brian Lee, Jason Shapiro and Kyle Williams.
Kim hosts The Wall Street Coach podcast focused on trader education and psychology. Her coaching includes a unique assessment that helps traders identify roadblocks. In an industry first, Kim offers diagnostic lab panels for traders. The labs review 84 biomarkers, including hormones that affect profit and loss.