Profit by Skipping Out, 9

This entire week I talked about abstaining from trading until you take steps to prevent other people around you from causing you to lose in trading.

Today, I am taking a break from that for something pleasant. I'm skipping out on the "Profit by Skipping Out" series today :)

I have written repeatedly in this blog that resting and getting away from trading during the weekend is a great way to improve the results you get in trading.

Many people define freedom as “doing what you want to do when you want”. Freedom is one primary reason people trade. Is that true for you?

Well then would you agree that you could benefit by having an explicit list of things you want to do?

I once had a success coach who had coached another trader into making over half a billion dollars in a single day! He had plenty of good advice.

That coach suggested that you should write out a list of things you like doing and want to do. He observed that most people are not consciously aware of their likes and dislikes. He observed that most people are on automatic pilot. For example on weekends, for rest, do you merely plop yourself in front of a TV? Or do you get dragged by your friends to go sit in a bar for 4 hours so you can watch them get drunk? Those things can make you feel like you have no control over your own life!

You can take control now. Start with making a list of your likes and dislikes. Then on the weekend, do things on your “likes” list. Avoid doing things on your “dislikes” list And on the next weekend, do something else on your “likes” list. Keep going like that week after week.

The cumulative results of many weeks of this is that you got to “do what you want”. Acting on today’s article gets you half way to fulfilling the definition of freedom, “doing what you want when you want”.

In a future article, I’ll talk about the second half of the definition of freedom, namely “when you want”.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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