Chapter_9_Flashcards
(11 cards)
Why does action feel safer than stillness in trading?
Because action gives the illusion of control and soothes the discomfort of uncertainty, while stillness feels like failure.
What should you ask yourself before taking a trade?
Are you entering because the setup is clear, or because stillness is uncomfortable?
What is the lesson of ‘The Hawk’ metaphor?
Be like a hawk—wait patiently and strike only when the opportunity is clear and aligned with your system.
What causes the tug-of-war between logic and panic?
Logic knows the plan, but panic overrides it when market movement triggers fear responses in the body and mind.
How can you reduce panic’s control over your trading?
By recognizing the panic response early, pausing, breathing, and allowing it to pass without reacting impulsively.
What is FOMO in trading and why is it dangerous?
FOMO is the fear of missing out, causing traders to jump in early or abandon their edge based on imagined future gains.
What is the hidden cost of chasing trades due to FOMO?
Loss of confidence, increased doubt, overcompensation through more trades, and erosion of trading identity.
What does the chapter teach about the fear of being wrong?
Being wrong is inevitable in trading; the real problem is tying your identity and self-worth to correctness.
How do you shift from emotional to elite mindset in trading?
Stop asking ‘Will this win?’ and start asking ‘Did I follow my system?’
What is the real prize in trading, beyond profit?
Peace — trading with no emotional charge, in a state of calm, natural execution.
Why is discipline not enough, according to Instruction 9?
Because discipline is just duct tape for broken systems. A clean, psychologically aligned system makes discipline a byproduct.
