What were you thinking when you did that?

Did you ever put on a trade and later ask yourself in regret, “What was I thinking when I did that?”

By writing down your self-talk and thinking throughout the trading day, you can capture your answer to that question.

You’ll appreciate having a written answer to the question of “What was I thinking” after you’ve blown up your account and are seeking help from a trading coach or psychiatrist. Keep a journal in which you record the time of day, the date, and your self-talk or thoughts.

Brokerage account records usually provide you with the time and date of your orders (as distinct from the execution of your orders). You can use the time and date from those two records (the self-talk/thinking records and the order placement record) to match them up to each other.

...continued tomorrow...

Copyright 2008 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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