Untraining the brain to think differently as a trader with Rik Schnabel
Get expert advice on how developing metacognition can help you become better at trading. Discover if passion can push us to overcome excuses and pursue our trading goals.
Reading time: 27 minutes
Trading level: Beginner
Introduction
Our brains develop ruts, which are well-worn neural pathways that develop over time as our brains make associations. These help you make decisions more quickly and with less effort.
However, there are risks associated with this. If your past influences have been less than optimal, sometimes this can impact your effectiveness as a trader.
That's why I'm about to interview Rik Schnabel. Rik is known as the ‘brain untrainer’ and the bestselling author of multiple books based on his extensive neuro-linguistic programming experience. We're going to discuss ways you can untrain your brain and how you can get yourself out of a neural rut.
Rik Schnabel…
Questionnaire
- Do you think it is possible to untrain your brain?
- Is IQ a determinant of success?
- Do you think that purpose and momentum are success determinants?
- How important do you think it is for traders to think about their own thinking using metacognition?
- Can you discuss the attitude of scarcity and how it can impact traders?
- How do you not get intimidated by the success of others?
- Have you got any other last-minute advice for our traders?
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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