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Strategies & Market Trends : Daytrading Psychology

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To: Swami who wrote (4)12/1/2000 12:21:50 PM
From: the Chief  Read Replies (1) of 104
 
still pissed from allowing Schwab to reverese my trade(buy) on

That is also a loss of control over emotion. You can never afford to get euphoric or depressed when daytrading. You should be able to walk away from your system at night and noone that knows you could tell if you were up or down on the day.

He who indulges in self gratification for a good trade, must then admonish himself for a bad one. Those swings in emotion are counter productive to trading.

Everytime I got screwed by my trading system, I try to remember how many times I got them back!!LOL

the Chief
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