
65: Stopping The Bleeding - Rande Howell - Mastering the Trading Mind - Session 2/3 - Part 1/2
The Market Sniper
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Understanding Fear of Loss and its Impact on Trading Decisions
This chapter explores the concept of fear of loss and its effect on trading decisions, discussing how the brain perceives it as a threat to life and triggers strong emotional responses. It emphasizes the importance of rational thinking and probability-based assessments in trading, introduces the concept of a probability-based outcome score, and acknowledges the challenge of stopping fear-based reactions.
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