Habit forming In-CAN-tations

More on the topic of turning your New Year Resolution (of always entering a Stop Loss Order immediately after you open a new position) into an unshakable habit.

A fifth way of converting this Resolution into a habit is to use incantations to install a belief that carrying through with this Resolution is linked with your Identity and that it’s desirable to carry through with this Resolution.

For example, say to yourself: “I’m the kind of person who always uses Stop Loss Orders. Stop Loss Orders are like brakes on a car. Used properly, they will save my life. Failing to use them could get me killed. I don’t want to be killed because I want to …. Therefore, I’m going to use Stop Loss Orders every time today.“ Say that to yourself with EXTREME emotional intensity. Say it to yourself repeatedly (at least 10 times) before you start your trading day. Say it throughout the trading day too.

...back Tuesday of next week...

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