Learning Financial Astrology

This article continues from yesterday's (August 30, 2006 "How Crooks of Wall Street Use Financial Astrology").

The beginning point of all three methods described yesterday is to learn Financial Astrology. There’s lots of resources. Be aware that mention of any of the following is NOT intended as a comment in favor of or against the said product.

First, the free stuff. I checked my local public library and found 182 items under the category “Astrology”. There was nothing under the category “Financial Astrology” although the library did have 1 book by W.D. Gann.

Second, there’s free stuff on the internet. What Every Investor Wants To Know: An Introduction To Financial Astrology, by Jon Stevens, is a good place to start. Also interesting is Henry Weingarten’s free audio market commentaries.

Third, there’s books you can buy for a reasonable price. You can buy these at book vendors on the internet.

Financial Astrology by David Williams
Investing by the Stars: Using Astrology in the Financial Markets by Henry Weingarten
Astro Cycles and Speculative Markets by L. J. Jensen
Financial Astrology (Llewellyn's New World Astrology Series) by Joan McEvers
Financial Astrology Techniques by Mary W. Boyd

Fourth, there’s expensive stuff. There’s a product sold at eBay.com for $654.30 entitled “Gann Signs & Cardinal Astrographs”. Also, there’s the ultra-expensive Earliest Astrological Manuscripts, 1901-1930 purportedly written by Fred White, Professor Weston, Sepharial, and W.D. Gann being sold for $999.99

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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How Crooks On Wall Street Use Financial Astrology

This article continues from yesterday's (August 29, 2006 entitled "Trading Profits From Pluto").

Here are 3 ways to profit from Financial Astrology regardless of whether you do or do not believe it works. You can use this for trading futures, stocks, options or whatever.

Method One, aka “The Stressed Out Students of Finance Method”. Study and trade precisely according to Financial Astrology. Tomorrow, I'll mention resources for learning about Financial Astrology.

Note that Method One works best when you put white tape on the nose bridge of your glasses. Or if you put a plastic pocket liner in your chest pocket.

Method Two, aka “The Crooks of Wall Street Method”. Study and front run Financial Astrology traders. Here’s an example of how to front run them. This example is for illustrative purposes only. Do NOT trade it with real money.

Let’s pretend that Financial Astrology rules provide that the S&P futures will bottom out and turn up when you get an angle of 90 degrees drawing lines connecting Pluto to Mars with one line and Pluto to Uranus with a second line. In Method Two, you would buy the S&P futures when that angle is almost 90 degrees but headed towards it. That is, you buy just before the Financial Astrology traders buy. Business as usual among the crooks of Wall Street. When the angle formed by the lines connecting those planets get to 90 degrees, the Financial Astrology traders buy, which causes prices to rise, and which results in you having a profit in the trade…just like the front running crooks of Wall Street.

Method Three, aka “The Sadistic Schadenfreude Method”. Study and counter-trade against Financial Astrology traders. They freely admit their method is not 100% accurate. Method Three delivers profits when they are wrong.

In the example for Method Two, let’s pretend that the Financial Astrology traders went long but the trade is part of the percentage of losing trades in their system. You know they bought at whatever the S&P futures price was when the subject planets formed that 90 degree angle that triggered their buy. That price is an historical fact that is public information. What you do in Method Three is place a sell short order just above the price where the Financial Astrology traders bought. If prices fall, your short sell entry is triggered. As prices continue to fall, the Financial Astrology traders cut their losses near their entry price, which cause price to fall more, and which results in you having a profit in the trade.

The beginning point of all three methods described above is to learn Financial Astrology. There’s lots of resources. Be aware that mention of any product in tomorrow's article is NOT intended as a comment in favor of or against the said product.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
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Trading Profits From Pluto

Maneuvering in the financial markets without due regard to the substantial force that Financial Astrology has is like making a left hand turn with your car across the path of an oncoming car (whether subcompact or a 10,000 pound truck). Alternatively, from a positive perspective, it’s like not helping yourself to free cash that a forceful gust of wind blows your way.

In view of the substantial amount of money in the markets traded pursuant to Financial Astrology, you would be better off taking into account the impact of traders who use it rather than scoffing at it regardless of your views as to the validity of the methodology.

Pluto, according to Financial Astrology traders, is one of four Financial Planets along with Venus, Chiron, and Neptune.

Financial Astrologist Raymond A. Merriman wrote that “Pluto's nature is to coincide with threat of damage or destruction…through nature or man-induced. When Pluto is prominent… various markets may reverse and begin rather long trend runs. It terminates old trends, and begins new ones. Sometimes it coincides with break outs of long standing support or resistance levels in price…”

According to Financial Astrologers, Pluto is a wild card right now because the last time planets lined up with it as they now do, the financial markets did not exit in the form that they now have. They say Pluto is notorious for its part in what later becomes major transformations. They expect Pluto to leave the financial system changed in some unprecedented way(s). Their advice is that “by the spring of 2006, when Uranus is squared by transiting Mars moving through Gemini, the stock markets are very likely to be in big trouble.”

You can profit from Financial Astrology regardless of whether you believe it is valid or not.

Tomrrow, I'll describe three trading methods for doing that ...

Copyright 2006 Raymond T. Lee. All rights reserved.
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Pluto's Relevance to Trading

Pluto’s substantial role in financial markets was disregarded when, on August 24, 2006 the International Astronomical Union declared that Pluto was not a planet.

The ultra-rich trader J. P. Morgan was known to have consulted with astrologer Evangeline Adams in timing his investment strategies.

Legendary trader W. D. Gann used planets, including Pluto, to forecasts stock prices. He often picked the exact top and the exact bottom of a stock’s price trend. He even gave public demonstrations of his trading in which he made returns on his capital of over 4000%. His methods are followed today by many traders. Tools for some of his methods are included in popular charting programs such as TradeStation (which has a Gann Fan tool).

As of 1997, approximately $14 billion worth of investments in the U.S. and Europe was based on astrological analysis, according to Henry Weingarten in his book Investing by the Stars.

The use of astrological analysis, often called “Financial Astrology”, by leading and even not-so-leading traders make it a substantial (if not huge) force in the financial markets.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Pre-Crime Jail For Traders

Trader Monthly Magazine’s internet edition just published an article that I wrote. The original title was “Pre-Crime Jail For Traders”. The publishers changed it to “Get Out Of Jail For Free?” Print it out and add it to your Trading Business Plan under the chapter “Surviving Challenges”.

We'll chat again next week...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Celebrating Wins v Schadenfreude

Some good news.

My oldest daughter just started trading. She’s trading Canadian gold stocks using some of the methods I use at my commercial website LeisurelyCashFlow.com where I trade eMini Stock Market Index Futures.

Today, she completed her first round trip (buying and then selling). It was profitable! The trade took her less than a total of 4 minutes (less than 2 minutes to buy and less than 2 minutes to sell). She made more in those few minutes doing the trade than she makes in an entire day at her corporate job. She’s getting a good introduction to leisurely cash flow. Congratulations!

The best traders in the world know it’s important to congratulate themselves on wins and to celebrate them.

Here’s something I learned from a mystic from whom I got some tutoring about both trading and the role of metaphysical forces in trading success. Failing to congratulate yourself on wins (or worse begrudging a win as “too little”) informs metaphysical forces that you don’t welcome wins. That causes metaphysical forces to discontinue wins and to put you onto a losing streak instead! On the other hand, being grateful for wins and celebrating them informs metaphysical forces that you welcome wins. That causes metaphysical forces to give you more wins.

I have written articles before about toxic people (see the July 18, 2006 article entitled “Profit By Skipping Out, 6”).

While congratulating yourself and celebrating wins, stay clear of toxic people. They view everything negatively. Even (or especially) seeing you win! They’ll belittle, disparage, and otherwise diminish your celebration. That sets off “bad vibes” that interfere with your message to metaphysical forces that you want wins to continue. So if you accidentally celebrate in front a toxic person, write a note to yourself to remember to stay away from that person next time you get a win (which could be a long time after being jinxed by that toxic person) or to keep your win a secret from that person.

Stay away from schadenfreude as that informs metaphysical forces that you enjoy losses. That causes metaphysical forces to give you losses.

We'll chat again soon ...

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

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “draw down recovery time” feature. That concerns how long you want to take to make back any money lost in your system’s losing trades.

Some systems recover from draw downs in a few hours. Some systems take months to recover. How long are you willing to wait?

I could go on about other parameters of THE ideal trading system…maybe in articles in the distant future. For now, I’ll stop and switch to another topic tomorrow.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Drawdown in the Ideal Trading System

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “draw down” feature. That concerns reduction in the cash balance in your account due to trading losses.

Your system should include a decision as to how much money in total you are willing to lose before deciding to alter or abandon your system.

Given that every system is less than 100% accurate, there is bound to be some losing trades. The order in which losing trades manifest is not determined by the accuracy of the system. For example, let’s say you have a system that wins 8 out of 10 times. You do 10 trades and get 8 winners plus 2 losers. The 2 losers could be in any order out of the 10 trades. They could be the first two, the last two, or somewhere in between the first and last trade.

Giving up on a system after 2 consecutive losing trades would prevent you from having the 8 winning trades in a system that is 80% accurate.

Therefore, your decision as to how much draw down to tolerate depends on the other features of your system including it’s accuracy. If you set it too low, then you’ll be constantly altering or changing systems. That could result in missing out on the winning trades that the same system that you altered or abandoned would have given you.

We'll chat again soon ...

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

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “stop loss” feature. That concerns cutting losses.

Many traders will exit a trade based on a price. When a certain price is hit, they will exit at a loss to protect their capital from further loss.

There are other ways to define a loss. You can custom design it. For example, notwithstanding or maybe in combination with price, some reasons to exit a trade with a loss include:

-economic reports
-revisions to economic reports
-earnings reports of specific companies
-revised earnings reports of specific companies
-indicators such as Moving Average, MacD, Stochastics, RSI, etc.
-price chart patterns
-many others

Price does not need to be the sole criteria for exiting a trade at either a loss or at a profit.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Reboot, Refresh, Rest

Friday is often the day I remind myself and readers of this blog to use the weekend to reboot, refresh, and rest. Then on Monday, restart…

Copyright 2006 Raymond T. Lee. All rights reserved.
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Paper Losses

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the maximum adverse excursion feature. That concerns holding through adverse movement.

Adverse excursion occurs when prices move in a way that results in you having a paper loss in your open position but your system says that the position should be held.

How much are you willing to lose on paper before exiting the trade with a loss that actually reduces the cash balance in your account?

How much pain can you tolerate? Are you willing to tolerate very little pain? Then you’ll want to exit when a very small adverse excursion occurs. That usually results in a very low accuracy rate in your trading system.

Are you willing to tolerate a huge amount of pain? Then you’ll like a system that uses a very large adverse excursion feature. That usually results in a very high accuracy rate in your trading system because many of your trades that initially show a loss are given time to turn into winning trades.

With a large adverse excursion feature, you’ll get an occasional BIG loser. Some people prefer getting a huge amount of pain all on one occasion instead of getting nicked a little bit everyday.

When designing your ideal trading system, you get to create whatever you want. The series of articles in this blog about The Ideal Trading System talk about the decisions you need to make when designing your ideal trading system. Maximum Adverse Excursion is one of those decisions.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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How Much Money To Use In Trading

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “equity requirements” feature.

How much money do you have for trading? How much do you want to use on each trade?

You can trade eMini’s for as little as $1,000 per contract if you daytrade. That means the leverage is about 30 to 1. Fantastic! So if you have very little money, you might have to daytrade because you’ll have to put up about $4,000 per contract if you hold for more than a day.

In the same category is consideration about what percentage of your equity to use each time you open a new position. It would be folly to put all of your money on a single position. Yet that is often how traders blow up their accounts. They put all of their money in a single position (or a number of positions all at the same time) with a system that is 99% accurate. Naturally, the one time they try the system, they get a trade that is part of the 1% chance of being a loser!

That’s sort of what happened to Long Term Capital. LTC was a fund organized and operated by a bunch of genius Ph.D.’s. One of them had won the Nobel Prize for his theory about pricing options, the Black-Scholes Model. Their model had a very low chance of being wrong. So they put all their cash into their trades, all at the same time. Naturally, they got the trades that there was ALMOST no way of being losers and thereby went out of business.

At my commercial website, LeisurelyCashFlow.com, we always ladder into position. That is, after identifying whether to go long or short, we start off with a position using not more than one-third of our cash. If prices move adversely while our trading algorithm indicates that our direction is still valid, we add another position, again using not more than one-third of our cash.

Using one-third of your cash is quite aggressive. You might be more comfortable using far less. Or you might be more comfortable using a bit more. The point is that “equity requirement” is an aspect of your trading system that requires some thought before using real money. Even geniuses forget to do that (e.g. Long Term Capital).

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Trend v Range-Bound Systems

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “performance in different market conditions” feature.

Some systems work ONLY in trending markets. Too bad, because the market spends only 30% or less of the time in a trend. Seventy percent of the time, the market is going sideways with no trend.

Some systems work ONLY in sideway choppy range-bound markets. That’s when prices bounce between the same high price and the same low price for a long time.

This has an impact on the other features of the ideal system such as frequency of trading and income frequency. If the market trends only 30% of the time, then a system that works in a trending market might pay only 30% of the time too.

Get 100% Accuracy If You Want

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

A feature of any trading system is “accuracy” of the system.

This is the one all beginners focus on. Advertisers know that and emphasize it in advertising systems for sale.

Have you heard of the “Turtles”? They are a legendary group of traders trained by two Market Wizards. During the period studied, the author of the book Market Wizards noticed that the Turtles were consistently among the top traders mentioned in a survey of traders working for investment/trading companies.

Decades later, it was revealed that the Turtles’ used a system that had an accuracy as low as 30%. Seventy percent of their trades were losers!

Their profits came from letting their winning trades grow to a huge size while FREQUENTLY escaping from losing trades! That’s the reason for their “low accuracy”.

Accuracy is another dimension of trading systems that you can customize. Choose one that you enjoy using.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Get As Many Big Wins As You Want In Trading

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about two related features. The first is the “win-loss size ratio”.

Every system has some wins and losses. That’s a fact of life in trading regardless of what you trade – whether eMini Stock Market Index Futures, Gold, Wheat, Currencies, Options, etc.

Do you like to get huge wins? How about huge losses too?

Or do you want to get huge wins and small losses? (Yeah, me too!)

How about small wins and huge losses? Or small wins and small losses?

A feature related to “win-loss size ratio” is the “outcome distribution” feature. That feature is about how many of each size of wins you get and how many of each size of losses you get.

Do you want to have a lot of big wins, a moderate amount of medium wins and a few small wins? How about having a lot of big losses, a moderate amount of medium losses and a few small losses?

Or maybe you prefer the opposite. That is, a lot of small wins, a few medium wins and the rare occasional big win. You might like that if you have a high “need to be right”. Actually, a “need to be right” is conditioned into most people who are successful in school. Bill Gates (Microsoft) and Steve Jobs (Apple) both dropped out, and won big with a single big win!

Or how about a lot of small losses, a few medium losses and the rare occasional big loss that wipes out your account. Then you’ll have get a “real job”!

Choose a size of win-loss size ratio that turns you on as well as an outcome distribution that turns you on. Otherwise, you won’t follow your own system. On the other hand, if you have features in terms of these parameters that you enjoy experiencing, you will love following your system (provided the other parameters are also to your liking).

We'll chat again next week...remember to take the next two days off to reboot or refresh yourself mentally, emotionally and spiritually...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Trade When You Want and As Long As You Want

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s article is about the “time commitment” feature.

How much time do you want to spend on trading? Do you have other things to do besides trade? Or how much time do you have available for trading?

Five minutes a day? An hour a day? All day long? How about one hour every six months? Or one hour every six years?

Try on a few of these to see which fits you.

Also, what time of day would you like to trade? Mornings? Afternoons? Evening? 24/7?

Do you have a “real job”? Or a household to manage? If so, your ideal trading system is one that does not get any interference from your “real job” time schedule.

Try out a few different time commitment features to see what you like. You can customize a trading system in terms of time commitment so that it becomes a feature of your ideal trading system.

Make the time commitment feature one that you like to have in your ideal trading system. Otherwise, you won’t follow your system, which in turn disables you from making any money using it. On the other hand, having a time commitment feature that you love having makes trading a joyful, fun activity, that you'll love to do. That in turn empowers you to succeed in it.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Get Paid As Often As You Want in Trading

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Yesterday, I wrote about the “trading frequency” feature of the ideal trading system.

Today’s article is about the “income frequency” feature. That is about how often you want to get paid trading.

That’s different from the “trading frequency”. The difference is that you can be putting on trades and getting losers instead of winners. You get your pay from the difference between the winners and losers, not just by putting on trades! The frequency of your trading is not the same as the frequency of your winning trades.

Do you want to get paid every day? Then only a day trading system will satisfy you.

Do you want to get paid once a week? Then your ideal system could be anything from a day trading system to a swing trading system where you hold for a few days up to a week. Even a day trading system could result in getting paid only once a week if you go for many days of losing trades.

Can you wait a whole month to get paid? Then the range of ideal systems expands from a day trading system all the way to a leisurely swing or position trading system where you hold for up to a month.

Can you wait several months to get paid? Then the range of ideal systems expands from a day trading system all the way to a leisurely position trading system where you hold for a few months is your ideal system.

Can you wait a year or more to get paid? Then the range of ideal systems expands from a day trading system all the way to a long term investment system “where you buy and hold” or “short sell and hold”. However, I don’t know of anyone who would like to use a day trading system where they lose almost every day and get one big gigantic win only once a year!

If you use a trading system that takes longer to pay you than you like, you won’t be able to follow it. You’ll take profits too soon instead of giving them enough time to grow large. The result will be that profits are too small to offset the losses that every system gets.

The converse is also true. If you get paid more frequently than you like, you won’t be able to follow it either. You’ll fail to take profits in a timely manner and allow profits to turn into losses.

Get and use a system that pays you as frequently as you want and like to get paid :)

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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How Often to Trade and How Long to Hold

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Today’s topic is the “trading frequency” feature. This is about how often you want to enter orders with your broker plus hold long you want to hold a position. Some examples of different frequencies and hold periods are:

-Scalping (trading throughout the day, holding for a few seconds to a few minutes).
-Microtrend daytrading (entering once or twice a day and holding for part of the day).
-Swing trading (entering 2 to 4 times a month and holding a trade for a few days up to a few weeks).
-Position trading (entering a trade every 1 to 3 months and holding a trade for a few weeks to a few months).
-Long term investing (entering a trade 1 or 2 times a year and holding a trade for a few months to a few years).

Which of these do you prefer? You might have to try one or all of them to find out.

Scalping and microtrend daytrading can be leisurely as well as stressful. To get it to be leisurely, you’ll have to learn how to program a computer to do it for you. However, if you enjoy “stress”, then you’ll enjoy a scalping style of daytrading live and in person! On the other hand, I am working on creating a scalping daytrading system that involves a total of less than 10 minutes per day in front of a computer 4 to 6 times throughout the day!

At the other end of the spectrum, long term investing is suitable only if you can hold your breath for many months. Can you?

Take a look at the trading frequency of my commercial website as an example of a hybrid swing/position trading system. You only have to hold your breath for a few weeks to a month.

We'll chat again soon ...

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

Would you recognize the ideal trading system if you saw it?

Surely you’ve seen ads on the internet or in your junk mail about systems that feature 99.99% accuracy or 2000% return on equity…But accuracy and ROE are only 2 of many parameters in an ideal trading system.

To enable yourself to recognize the ideal trading system when you see it, begin with writing out a wish list.

That wish list should describe the ideal trading system in the following terms (“parameters”).

-income frequency
-trading frequency
-time commitment
-win-loss size ratio
-outcome distribution

-accuracy
-performance in different market conditions
-equity requirements
-holding through adverse movements (maximum adverse excursion)
-cutting losses

-drawdown size
-time to recover from drawdown
-whatever other feature you wish you could have in your ideal system…

An example of a description along the foregoing parameters is at the ReadMore page of my Website Item 10

In future articles, I will examine each of these parameters in greater detail...

Copyright 2006 Raymond T. Lee. All rights reserved.
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Introducing The Ultimate Trader

In the article dated July 24, 2006 entitled “Profit By Skipping Out, 10” I said that your wallet has a clue as to the biggest source of Loss (and wins) in your trading. That source is named on your driver license, on your credit card, and on other things in your wallet. Yes, it's "you".

So who and what are "you"?

You know you’ve got a body.

You are acquainted with your mind.

You are acquainted with your emotions.

Are there any components of “you” in addition to a body, one or more minds, and many emotions?

My own experience is that my trading profits took a giant leap into consistent extraordinary returns on equity when I started allowing a specific component of me take over my trading. That component is not my body, not my mind, and not my emotions.

I got introduced to that component by a coach who was famous for helping people use altered mental states to learn at super speed. He was a hypnotist, a psychic, a qi gong practitioner and all-around nice guy.

He used an elegant and effective method to introduce me to that component. The method allows you to experience that component and become acquainted with it.

The first time you do this, be alone in a quiet place. Later, you can do it anywhere.

Close your eyes.

Notice how your body feels. Where do you feel sensation? What is the sensation like? Spend a minute on that.

Then notice that you are noticing how your body feels.

What did you notice? When I do this, what I notice is something fleeting. It disappears when I try to focus on it. It seems to have no location.

There's a longer circumlocutory way of doing the foregoing. Deepak Chopra says in some of his many books that this part of you can be “glimpsed" through prolonged and repeated meditation. Or, you can just do it the quick way as I described, which is the method I learned from a different guru.

As I said, my brokerage statements testify as to the effectiveness of this component. It’s the ultimate ingredient in trading profitably.

Get acquainted with it. In future articles, I’ll write about what I did to allow that part of me (that you surely also have) to take over my trading and rocket the results to consistent extraordinary profits.

For now, just get acquainted...

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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Skip Out on Fear & Greed

Prior to my recent skipping out on blogging, I wrote about skipping out on trading when your physical body is not in peak state. Has it occurred to you that you are more than your physcial body?

Do you have emotions? You could consider that your emotions are part of you in addition to your physical body.

Surely you’ve heard that fear and greed are the two most frequent emotions experienced in trading.

Some traders subscribe to the belief that trading profits come from eliminating fear and greed. Or controlling fear and greed.

I took a few years of lessons from an internationally famous success guru who coached another trader into making half a Billion US Dollars in a single day! That guru attributes success to emotional control. I found that helped a lot.

So if you are feeling overwhelmed with feeling fearful when trading or feeling greedy when trading, then stop yourself from losing money due to those emotions. Just pause, skip out on trading, and come back when you no longer feel overwhelmed with fear or greed.

Remember

Profits = Wins – Losses - Costs

We'll chat again soon ...

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