In this post, we’re going to do a quick reminder of my new book >>> Mindsets of a Master Stock Trader!
Also, here is the TradersFly website and you can scroll down there is a newsletter that you can sign up to get notified when some other book in the future is coming out.
Inner & Outer Game in Trading
This book is focused on the inner game of trading.
There are topics every trader is interested in:
- how to trade with emotions
- how to deal with those emotions
And that’s the core focus. If you don’t know what the inner game is, I’m going to explain it to you quickly right now.
A lot of people, when they look at becoming successful, there’re two parts: you have the inner game, and you have the outer game.
Well, what do these things mean?
The outer game is what most people focus on. I’m going to start with that first. The outer game is anything external if you look at a basketball player that is good at dribbling or running all that is external.
They are the physical abilities that the basketball player has.
In trading, it would be more like:
- reading charts
- evaluating a stock
- analyzing a stock
- using the computer
Basically, anything that’s external.
The Inner Game in Trading
The inner game are internal things. This is what most people do not study. This is what most people do not look at.
And this is where most traders fail. I’d say more than half failed because of this, not because of the outer game.
The inner game comes down to things like emotions.
Here are some big questions:
- How to deal with emotions and recover from losses?
- How fast do you put on a trade?
- How do you recover from those problems that you have?
This is all the inner game. If you’re looking at a basketball player, it’s about continuing to play the game after you’ve missed a shot. It’s about how to deal with an emotional breakup with a girlfriend, but you still have to play the game. That’s what the inner game is all about.
When you have an inner and outer game part, this is where that success comes together.
That success part is in the middle, between both of these points. This is what a lot of people lack. They might have this outer game, but they don’t have that inner game part.
This is what this book focuses on, and this is what it’s all about.
Focus on your inner game and evolve as a trader.
Get the book here >>> Mindsets of a Master Stock Trader!