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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