Unnecessary debilitating pain

...continued from yesterday...

If in your trading you use the word “loss” to describe your current experience with a trade, you are unwittingly importing the intense painful emotional impact from your past experience associated with the word “loss” (i.e. death) to your current experience of trading.

That’s unnecessary pain.

If you get a non-winning trade, all you’ve done is gotten a reduction in your brokerage account balance. There’s no death involved. Surely, an emotional intensity on the scale experienced when you have the “loss of a loved one” is inappropriate when all you’ve experienced is a reduction in your brokerage account.

Besides being unnecessary pain, It’s also debilitating if it prevents you from quickly exiting the trade because you want to spare yourself the intensely painful emotional experience of “loss”.

...cont'd tomorrow...

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