Chapter_8_Flashcards (1)
(10 cards)
What trading mistake happens when you tie your identity to being ‘a trader’?
You start trading based on ego and image rather than system and edge, leading to impulsive and emotional decisions.
How should you define yourself in trading?
Not by labels like ‘scalper’ or ‘momentum trader,’ but by your commitment to executing a system with edge.
Why do many traders fall apart after a win?
Because wins trigger dopamine, leading to overconfidence, larger size, and emotional trades not based on the system.
What mindset should you adopt after a win?
Treat it as neutral data, not as proof of superiority or invincibility. Debrief, reset, and wait for the next clear setup.
Why do traders overtrade to stay active?
Because they associate inactivity with laziness or missed opportunity and feel pressure to ‘make something happen.’
What is the difference between amateur and elite traders regarding stillness?
Elite traders use stillness as a weapon, while amateurs fear it and try to fill it with unplanned trades.
How can traders satisfy the need to engage without overtrading?
By channeling energy into preparation, simulating with replay tools, creating routines around stillness, and giving permission to do nothing.
What is a ‘silent win’ in trading?
Avoiding a bad trade by staying disciplined and not acting on emotional impulses.
What is the main idea of Instruction 8?
Never doubt your decision to quit emotional trading. Emotional urges are the last tricks of the old addiction loop.
What are not valid trading signals, according to Chapter 8?
Elation, panic, and boredom — these are emotional symptoms, not valid reasons to act.
