Its been millions of years since we started our journey as apes . From caves to crypto the journey never was easy. Its not long since we developed a conscious mind and all in these years of evolution the fear of death and other animals and greed for more food land and partners turned into fear and greed for gaining and losing money . Our mind, thats the point where everything begins ..
Our primitive fear and greed has only changed its outer form but is still there with us all the time waiting to triggered and be expressed .
Its not therefore not a hypothesis anymore that to master the market one has to master the mind . The decisions we make has the power to enhance our life and fulfill our dreams at any moment but how can it be possible. A single failure to understand the uncertainty and to find patterns in obscurity only brings frustration weakens us and some of you even consider compromising dreams and giving up .
Overcome of fear isnt taking risk
Mind has natural tendency to remember bad and negative incidents more quickly than the positive ones. it seems theres a natural risk management system in our mind and its very crucial for our own survival. Our fears tells us to rethink and recheck the decisions. But at same time hold us back from taking any decisions at all and once we miss an opportunity we blame ourselves for not believing us and decide to overcome fear next time and thats the time we enter the cycle . Lets understand the situation better and deeper.
Whenever a trader misses an opportunity decides to take a little more risk next time and then the risk turn into losses and then the cycle of fear continues . I named it cycle of fear because it starts from fomo . Suppose you have started counting from an odd number and if you count even number of times you'll always end up in odd number and its inevitable.
Examining situation and identifying which psychological cycle your in is important for to break the cycle.
Imaginary millionaire and the game of greed
Sometimes big risks comes with big rewards and we all know the story of somone who has taken risks and now they're king . Our mind has tendency to picture ourselves in the position. Reality is wayy different from what we see in our mind .
This slowly eat our ability of acceptance. We can't digest our losses . When mind cant accept losses it thinks okay maybe in next hour situation will change or maybe next day lets just wait . But nothing happens and losses keep growing.
Even if you learn from this mistake and accept the loss and when you find out that waiting was indeed rewarding then next time you wait again and you reenter the cycle of odd again.
Its very important to identify the cycle and to break it .
Understanding subconscious
Our mind has three layers conscious subconscious and unconscious. Our identify and self is expressed by our conscious mind . Conscious is who makes all the decisions and can override and completely deny the subconscious interpretation.
But our conscious mind is not good at analysing and very slow. it can focus on one data at a time but in the other hand subconscious can unimaginable number of analysis and calculations in matter of seconds . Subconscious and conscious minds communication is there fore important. The bottom most layers of conscious mind has ability to take right decisions we often says it gut feeling that often goes against our conscious decisions and turns out to be true if its presented with enough data our subconscious can achieve deeper insight and come up with right strategy .
But to develop that sense we need to exercise of addressing of identifying which cycle we're trapped in so that we can overcome our primitive tendencies to listen the supercomputer in our mind .
