How NLP can help your trading

by Jan 18, 2019General0 comments

NLP (Neuro Linguistic Programming – do not confuse it with Natural Language Processing) is a discipline created by Richard Bandler and John Grinder in the 70s. It can help you understand how your mind processes information and how you can program it for achieving your objectives.

NLP

But wait. Wasn’t this blog about trading and investing? Why this post about NLP? Because you need to follow the rules and manage your emotions even when things do not work as expected. In fact, temporary drawdowns, fear of missing out, and greed are some of the main reasons for low profitability in trading. NLP can help you better manage all that.

Interestingly, many successful traders identify emotion management as the hardest and most important skill to have. On the other hand, inexperience traders think that they have to find the secret strategy that never fails in order to be successful. As the famous commodity trader Larry Williams once wrote: “people who make their living looking into crystal balls are destined to eat a lot of broken glass”.

How? There are many resources online, books, and courses. A good place to start is to look for the works of Richard Bandler. And of course check for updates here, where I will post other articles describing specific techniques that can help your trading/investing. See for example this article about one of them, i.e., reframing.