PSYCHOLOGY and SELF-CONFIDENCE when you trade

Today I will try to give you an enlightened look at the mind in Trading. And above all on the attitude to have in response in the event of excessive pressure.

Pay attention because I'm going to keep it short, simple and effective, with my Wolf paw!

Who has never been confronted with a “hater” or a “troll” on social networks, or an annoying colleague. Or even more delicate; to a family member, to a friend who sought to demean you, humiliate you, in order to put themselves forward?

The answer is simple:

We all were and some still are.

This is also why I decided to write this text: to try to share with you a little of my experience as a trader – Wolf of Zurich style.

To begin with, you are aware that Trading, the stock market and finance are professions that generate significant stress and great nervousness. And it's even worse if you don't control your emotions. You also know that there is a common tendency to say that these professions represent 80% psychology.

Well, based on these two statements – if you ask me what I think – I would be tempted to answer in the affirmative…And in the negative.

Why this ambivalent response?

Quite simply that I am a trader and a technical analyst and that charts don't lie ( CHARTS NEVER LIE, as the famous quote to which I am particularly attached) says.

Yes, I know that you will probably find this statement somewhat arrogant, but you will realize – with time and practice – that I am not completely wrong (if not completely right, so as not to trample on my natural modesty).

But let's get back to our topic: the psychology of trading.

An intelligent man will always seek to resolve a conflict, but he will inevitably face possible obstacles.

The wise man, for his part, will rather seek to AVOID CONFLICT and MOVE ON.
Remember that “The dog barks and the caravan passes!” »

To put it simply and concisely, when someone attacks you and wants to damage your professionalism, your reputation or your personality, the attitude to have is simply to IGNORE THEM and MOVE ON. If you answer him, you will then enter “HIS BOOK”, and it is he who will write the story and win the “fight”.

The solution will therefore be to “IGNORE him, and SHOCK him with your results!” – this is how you will win against your opponent.

I know it's difficult to accept this for people who have a strong personality, but believe me by acting like a "wise man", the wolves who will try to make you their sheep will no longer have anything to worry about. put under the fangs.

Instead, be “wise” or “shepherd dogs” (dogs, which supposedly, by the way, are among the 10 most intelligent animals in the world).

And then, if you are a cinema enthusiast, don’t forget to remember these two legendary lines:

“Life is made of wolves, sheep and sheepdogs. We don’t raise sheep here, and if you become wolves I’ll kick your ass!” –American Sniper(2014).

So become his shepherd dogs but in “Wise” mode.

“We don’t care!” – Back to the Future (1985).

I wanted to share this “philosophical” reflection with you, to push you to think differently in your daily approach to trading, do not let yourself be influenced by others, master your technique and your work will silence those who want you to doubt yourself, this is the path to self-confidence.

I hope that this article will make you react and bring you a little serenity and peace, in order to be better in your life and in your professional activities.

The “Wolf of Zurich” greets you warmly and wishes you a wonderful week! Do not hesitate to contact me if you have any questions about technical analysis:

“I don’t bite unless asked.”

Reference to …?? I'm sure you've already guessed!!!

See you soon. "PAKA PAKA" ;-)

James D. Touati
Aka. The Wolf of Zurich.

Be attentive and careful! Good trades and please share.

For more details, you can contact me on:  

LinkedIn: http://linkedin.com/in/james-d-touati-941a8ba6

Tradingview: https://fr.tradingview.com/u/james-samt/