Enhancing trader performance

...cont'd from yesterday...

If you need or want to manually enter your stop loss orders, you’ll need to make it a reflex reaction. That is, as soon as you notice that you got a fill, your reflex reaction is to enter a stop loss order. Practicing that on a simulator will condition that reflex reaction in place.

In Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology, Brett N. Steenbarger reported observing that the top traders he has worked with spend time in front of a trading simulator.

To make practicing effective, a pleasant way that’s better than “discipline” is using the six step method mentioned in my new website page entitled ”Replace Discipline”.

...back next week...

Website Home has MOVED to:
http://LeisurelyCashFlow.Googlepages.com

Copyright 2008 Raymond T. Lee. All rights reserved.
LeisurelyCashFlow
eMail me Comments