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Strategies & Market Trends : Trade What You See, Not What You Think
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To: Moving Sphere who wrote (346)1/23/2001 12:47:29 AM
From: aldrums  Read Replies (1) of 867
 
If we can control our ego, we can control our emotion. This is no easy task...

MS,

I don't believe we need to control our emotions (feelings) to be sucessful in trading.

Check this out, these are five principles of Morita Therapy as described in the book Constructive Living by David K. Reynolds:

1. Feelings are uncontrollable directly by will.

2. Feelings must be recognized and accepted as they are.

3. Every feeling, however unpleasant, has its uses.
They don't necessarily provoke positive changes. Nevertheless, even within the most unpleasant emotions there is potential for good. They can be used.

4. Feelings fade in time unless they are restimulated.
Given time even the worst grief, pain, shock, or fright will lose its edge and become little more than a memory.

5. Feelings can be indirectly influenced by behavior.
You can use your behavior to beckon desirable feelings and reduce the influence of undesirable ones.

The one thing that is absolutely controllable is our actions (behavior). Emotional impulses are to be accepted without struggle while constructive action continues. You become free to recognize these emotions when you know you can properly manage your actions.

A lot of this relates to your hunting analogy. When you aren't paying attention to the hurt, you aren't hurting. (When you have moved on to the next hunt, you forget about the last one.)
I highly recommend this book by the way. It is not that long but is packed with more common sense than I've ever seen in any book.

Regards,

Alex
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