Is it possible you secretly want to lose?
Self-destructive behavior can easily manifest itself in the markets, particularly among day traders. When the price is dancing around in front of your eyes, it can take a grip of you. You can start to feel like it’s playing with you. This is why you have to be very, very careful to avoid emotional trading.
Learn How to Trade and Stay Positive if you’re a boiling a pot waiting to explode, then you’re heading for a seriously bad experience in the market.Don’t get emotional about trading. Remember the current trade is only one of a long series. You’re in this for the long term. Remember that and don’t, ever, get too attached to any one trade.
You must see yourself as a professional trader. At the start of each trading day, before the market opens, take a few minutes for yourself.Close your eyes. Start visualizing the market. See the real-time chart on your computer screen. Watch as the price gyrates up and down. See yourself entering a trade. Notice you feel relaxed.
Learn How to Trade and Stay Positive you’re alert but calm. Completely non-emotional. Observe how the price moves after you enter. How it comes close to your stop loss. Mentally place a number of trades. Follow them through. You get a losing trade. Notice you see the big picture. You are unemotional. Completely calm. You put on another trade. Again, another small loss.
You are not fazed. Next a winning trade. Again, you are relaxed. It’s all part of the job. This takes practice. And you must do it regularly to get the maximum benefit. Try it every morning, and any time you even begin feel stressed or you lose your focus. The advantage of this technique is it’s free. And the payoff is excellent
Learn How to Trade and Stay Positive
Have a plan.
If you don’t have a plan, you will have no limits and you will take losses over and over entirely. When you have a plan, you’ll start to notice you do not always follow it.
You’ll hear him whisper seductive anti-plan ideas that sound and look perfectly reasonable – except they aren’t in the plan. Having a checklist on hand allows you to objectively determine whether what you think you’re seeing is in fact what the market is presenting. Make notes about the trading day as a whole, even for days you didn’t make any trades.
Learn How to Trade and Stay Positive make notes about your trades, and review them later. Enter them during the trading day, or wait until later – you get to decide for yourself how much you want to do during the trading day.