Psychology of Trading interrupt

...continued from yesterday...

Continued discussion about The Psychology of Trading: Tools and Techniques for Minding the Markets

To increase the likelihood that you’ll use your winning trading behaviors instead of the losing ones, you need to interrupt yourself whenever you notice yourself either entering into a mental-emotional state in which your records show losing trading behaviors; whenever you start self-talk associated with losing trading behaviors; or whenever you have body posture associated with losing trading behaviors.

In addition to interrupting yourself when you start losing mental-emotional states, losing self-talk and losing body postures, you need to repeatedly practice being in winning mental-emotional states. That practice, if repeated often and with emotional intensity, will make your winning mental-emotional state your “default settings”.

...cont'd tomorrow...

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