Train Your Brain to Avoid Snap Judgments

Jumping to conclusions…

It’s a fact that when you meet someone for the first time, in less than ten seconds like it or not you have formulated an opinion about them.

Including…

• Trustworthiness
• Competence
• Likeability
• Social status
• Age
• Health
• Political leanings

All in less than ten seconds!!

How is that even possible?

Well, we look at appearance, body language, expressions, tonality, and situation to make a judgement. Right or wrong, that’s just what our brains do…

In other words, we jump to conclusions.

Our brain takes in all the information it needs and makes a snap (sometimes wrong) judgment.

Traders do this too…

Often when we first look at a chart, we quickly jump to conclusions about the market and formulate an opinion before we’ve taken the chance to make a real assessment.

Tom Hougaard covers that concept perfectly in this YouTube short (58-second watch)

We must train our trading brains to NOT jump to conclusions, be open-minded, and take time to objectively analyse what’s in front of us.

Whether that’s a chart, an open trade, a trading blotter, or a new strategy.

Becoming a great trader is a lot about training yourself to do things that are unnatural to the rest of the population.

And this is one of those things…

Practice it today.

Watch that impulsive reaction and double-check your immediate conclusions aren’t adding an incorrect bias to your trading decisions.