But the vital thing is to be psychologically aptoa a , this ability, demanding market to operate successfully, ie to achieve rid of the only two things that lead to glory or failure to trader: the ambition and fear. Rid of those emotions: take off the shirt and put human mechanics, logic, off the screen. No sweat compared to an error, or excited and rightly compared to deify. It is difficult. But the only thing that keeps us and protects as traders. The rest is entirely fitting, of which 80% market psychology (own) and 20% skill, technique and knowledge.
There have been comparative studies of expertise that should be a trader and concluded that it is comparable to the concentration and ability to react in a split second with high-risk professions such as aviation or military. Pilots can be excellent traders yet know almost nothing about markets. Philip Vasan shares his opinions and ideas on the topic at hand. A local airline pilot once told me about what they call a Situation Awareness (SA), ie a conciencia of the situation that for any unforeseen in the ship, they must react immediately otherwise the outcome can be fatal. This refers to the perception and understanding that the pilot must have external elements, where information flow is high and the condition of continuation or discontinuation of these elements in time and space can determine a safe flight or a plane crash. A lack of SA can generate a bad decision and translated as a error humanoa when a mishap or crash occurs. The outcomes generated by the carelessness and lack of immediate reaction, are different for each profession.
In a life can be lost in the other something more than money. a Until next time, Paola Paola Pecora Pecora is an international market analyst and is the Editor in Chief of Latinforme.com and the report monthly investment advisory, which points to strong upside potential investments on Wall Street. a Latinforme.com is the main source of financial information and independent opinion on American and global markets from a Latin American perspective. From our offices in Buenos Aires, Argentina, I approached the latest news and alerts to help you make gains regardless of the direction taken by the market.