<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

Biology Set You Up to Fail at Trading

Posted by TopstepTrader on September 09, 2018

Biology and Trading

You love trading. And you may think you were born to do this. You weren't. No one was.

In fact, everything about our biology is working against our success. Think about it. What are the traits of a successful trader. A successful trader is cool under pressure. She's disciplined, not fearful. She's focused on long-term growth, not short-term excitement. 

And that's not us. Our brains and biology are hard wired after tens of thousands of years as hunter / gatherers. But that doesn't mean that we can't learn a new mindset. That's what today's lesson is about — awareness and understanding of our trader's mind, so that we can better succeed at trading. 

Trade futures?

Start Trading

Trade forex?

Start Trading

In this interview, we talk with trading psychologist Rande Howell about:

  • Why your biology is working against your successful trading; 
  • His definition of discipline — maintaining order under pressure; 
  • Why and how traders should focus on performance, not outcome; and
  • Why trading is a profession and will take time. 

Give it a listen below. Limit Up! is also available on iTunes, Google Play or SoundCloud, where you can subscribe to get fresh episodes each week delivered to your inbox. 
< Back to Blog

Topics: Trading Basics, Limit Up!, Forex, Trading Psychology, Rande Howell, Futures, September Trading Insights

Popular

Posts by Topic

see all
Trustpilot
  • TopstepTrader, LLC
  • 130 South Jefferson Suite 200
  • Chicago, Illinois 60661
  • 1 (888) 407-1611

We do not offer commodity trading advice or recommendations. © 2019 – TopstepTrader, LLC All rights reserved.

All content published and distributed by TopstepTrader and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained here is intended (a) as investment advice, (b) as an offer or solicitation of an offer to buy or sell or (c) as a recommendation, endorsement or sponsorship of any security, company or fund. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. This is neither a solicitation nor an offer to buy or sell futures, options or forex. Past performance is not necessarily indicative of future results.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.