Practice Living In the Present

If you feel terrible after getting out of a trade with a loss, try this.

Practice living in the present moment instead of the past.

If you just got out of a losing trade, you’re no longer in a losing trade. In the present moment you are not in a losing trade.

A moment ago you were in a losing trade but in your present moment situation you are not. Practice living in the present moment in terms of your trading. Practice a bit everyday until it becomes an automatic habit.

You only feel terrible about the losing trade when you live in the past, dwelling on the losing trade. Rejoice because at the present moment you are not in a losing trade.

One way to facilitate living in the present moment instead of the past (or the future) is to, from time to time throughout the day, notice how your body feels. Your body sensations are occurring in the present moment, not the past or the future. Concentrate on that as a “life line” to the present moment.

This advice is adapted from a philosophy that's been around for thousands of years. There’s a huge body of literature on it including Eckhart Tolle’s recent book The Power of Now.

Try living in the present moment. You might like it more than hating losses. That will enable you to cut your losses when you need to because hating losses keeps you in losing trades that get even worse.

We'll chat again soon ...

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