Chapter_3_Flashcards
(13 cards)
What emotional loop often follows an off-plan trade?
The shame loop: breaking a rule, feeling shame, seeking relief from that shame, then breaking the rule again.
Why is shame considered dangerous in trading?
Because shame fuels more emotional trades by making you want relief, creating a destructive cycle.
Who usually decides when an emotional trader enters a trade?
The emotional addict inside, not the rational observer.
What question should you ask before entering any trade?
“Was this me — or the addict?”
Why are many ‘favorite setups’ actually dangerous?
Because they’re associated with a high or rush, leading you to chase feelings, not edge.
What is often stronger than the pain of a bad trade?
The pain of doing nothing — the withdrawal from the emotional hit of action.
Why do traders keep doing what hurts?
Because taking action feels like control and provides temporary emotional relief from discomfort.
What truly causes most trading failures according to Chapter 3?
Emotion, not the system — emotion derails consistent execution.
What does it mean to be truly mechanical in trading?
Letting the system decide everything — entries, exits, and no trades — while you simply execute.
What is the brainwashing traders experience?
Believing that emotional action is rational, and associating trading performance with personal worth.
What is Instruction 3 from this chapter?
Begin with a feeling of elation.
Why should you begin with a feeling of elation?
Because you’re not giving up anything — you’re letting go of lies and becoming the trader you were meant to be.
What is elation a signal of in your transformation?
That you’re stepping out of emotional traps and into true freedom.
