Detecting imminent alien abduction

…cont’d from yesterday…

One method of detecting alien abduction is by noticing your thoughts while you trade. Write down what you are predominantly thinking about before you enter a new position and while you are in that position. Also, write down what is going on around you in your environment. You can key your note to your trades by simply recording the time of the events you are writing notes about. I call this the “Narrative Journal” method.

A second method is to make a list of usual suspects. These usual suspects can be based on some of your observations in your Narrative Journal. Put the list on a spreadsheet (Excel). Then throughout the day, especially as you enter and exit a trade, note which item on the checklist applies. Some examples from a checklist I currently use myself include:
-doing Incantations to get myself into proper emotional state before looking at a price chart
-refusing to enter a trade if an authorized pattern is not present
-asking myself “Is this an authorized pattern?” when I first look at a chart
-entering a stop loss immediately upon getting a fill
-refusing to chase price

I keep a count of how many times each of the items in my checklist applies throughout the day as a way to spot where aliens might try to take over my body and force me into trades not authorized by my trading plan or force me to skip out on trades that are authorized by my trading plan.

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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