Cognitive flexibility is being aware that in any given situation there are options and alternatives available. As an example, you don’t have to stay in a losing position, yet so many traders do just that as their conviction in a trade turns to hope. Cognitive flexibility is a critically important executive function that occurs, almost
Enough!
We all have our ups and downs but it’s those times when the downs appear to lack a bottom that can keep us from being a profitable trader. Just like the recent price action in the markets our psychological capital can see a similar trend. It’s not fun sitting, waiting, watching the swings, second guessing