Oral Inoculation

This is the fourth of a series of articles this week that began with the September 18, 2006 article entitled "Inoculate Yourself Against Toxic People”.

If you believe toxic people cause you to enter or exit trades prematurely, belatedly, whimsically or recklessly, then consider this idea. William Eng, in Trading Rules: Strategies For Success, suggests “If you want to discuss your trades, do so only AFTER they are closed out and you have taken your profits or losses, but never before.”

Keeping your trading secret, at least while you have an open position, is a way to inoculate yourself against the damage toxic people can cause to your trading. So if you can’t avoid toxic people, get in the habit of avoiding talking about your trading while they are in your presence.

I'll be back tomorrow ...

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