Check your tachometer
...continued from yesterday...
Here’s some helpful information to conclude this week’s series on Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance (Wiley Trading)
According to information in that book, complex activities (e.g. trading and investing) are best performed with only a moderate amount of emotional arousal. Therefore, before you start any trading activity, observe your emotional state of arousal. The “zone” in which trading is best performed is around 6/10. Too much, as well as too little, arousal detracts from trading performance. Don’t go over 7/10 and don’t go under 5/10. Check your tachometer before and during trading activities.
...back next week...
Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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