...continued from yesterday

Today's blog is the fifth and last in a series of articles about a study mentioned in the blog on Monday February 5, 2007 entitled "Commitment & Passion Don't Distinguish Winning Traders From Losing Traders".

The sample of profitable traders in the study were all technical type traders who used specific entry and exit criteria. They did not second guess their entry or exits, but instead just took the trading signals as they manifested from charts.

Meanwhile, the results in the study showed that unprofitable traders had a lot of internal self-talk and mental debate before, during and long after any given trade.

They hesitated before entries to think about them.

They second guessed the wisdom of being in any given position while holding the trade in their account.

Then after the trade was over, they agonized over what could have, would have and should have been.

They were an anxious bunch. Sometimes, instead of slowly debating with themselves before entries, their anxiety sometimes pushed them into trades and they did not feel comfortable going for any length of time without being in a trade.

gone until Monday ...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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