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Don"t Be One of Pavlov"s Dogs When Trading!

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Ivan Pavlov was a Russian physiologist renowned for his famous study on conditioned reflexes.
While studying the physiological effects of eating in dogs, Pavlov began to observe that the salivation of the dogs was very curious.
He would place meat powder or some other food morsel on the dog's tongue, waiting for the salivation to occur.
He began to see that the dogs were salivating as soon as he entered the room, which was before any food was even in sight.
Since salivation in any animal is a reflex, Pavlov decided to probe deeper into the conditioning of the dogs.
Pavlov began ringing a bell before placing the meat powder or item on the dog's tongue.
Each time that the bell was rung, meat powder or food was given to the dog.
Pavlov repeated these experiments many, many times.
Eventually, the bell alone was enough to make the dogs salivate.
This proved that a neutral stimulus that elicited no response whatsoever from the dogs before was now causing a response- salivation.
This later became known as classical conditioning.
Conditioning is a type of learning.
His experiment proved that all animals could be trained or conditioned to expect a consequence on the results of previous experience.
If you are a new trader, you might relate.
No, you're not a dog, but often those with less experience have conditioned themselves to expect certain market actions and react in the same way every time.
These can also be described as "knee-jerk reactions.
" When we react emotionally rather than logically, we are doing so based on our conditioning or interpretation.
These are powerful reflexes, and if you are not careful, you will find it difficult to break away from what you have conditioned your mind - and your body - to do.
In your role as trader, the emotion created during a market sell-off for example, may be fear.
When we are afraid, we think and react differently than when we are calm, cool, and collected.
Don't underestimate its power! So how do you refrain from becoming one of Pavlov's dogs? Be conscious of your emotions, remember the past, and create new ways for the future.
When you see huge market fluctuations, don't panic.
Did that panic do you well in the last situation? It's doubtful.
Use your critical thinking skills and you will learn to control your emotions making you more likely to trade in the calm, deliberate mindset of a winning trader.
In the mean time, Good Luck on your journey to success...
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