I watched Mark Douglas interview at WYZE TV in Youtube a few months back and he discussed a very important aspect of trading, in that interview he mentioned the importance of developing a carefree state of mind during trading. In the real world humans cannot be in a carefree state of mind otherwise he will end up losing everything or in a disaster. This is the very reason why all traders struggle and fails a lot at the very start of their trading and some even continue to struggle for years in trading because they dont realize or give importance the difference between the real and the trading world. It is important for traders to realize that the market is a complete different world and we cannot be part of such world having the same characteristic that we possess and use in the real world.
Carefree state of mind simply means just execute your trades according to your strategy and never think if its gonna be a winner or a loser, what is important is you follow your strategy. We all know that the pillars of successful trading are good strategy, risk management and most of all taking care of our emotions or having the right mindset and that is having a carefree mindset. A trader cannot implement his strategy and manage his risk properly if he do not have a carefree state of mind during trading. A trader must disassociate himself from the real world during trading.
I fully agree with Mark's opinion that in order to be a successful trader we must develop the skill of having a carefree state of mind and utilize it during trading otherwise we will just end up losing all the time and trading will be a very difficult and frustrating profession to achieve.
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