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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: Threei who wrote (321)1/21/2001 7:15:09 PM
From: Moving Sphere  Respond to of 867
 
Vadym,

You gave me a smile when I read your post because it goes to show that you can explain thing much better than I do! <g>

>>"To evaluate the system in order to make necessary corrections is needed you suggest using historical rather than own recent trades because perception of those is distorted by emotions remembered."<<

The emotions remembered is an integral part of our psyche. We have to give its proper respect and try not to diminish its importance by turning the "completed" trade into a "what if" scenario. Too many "what if" scenarios on your "completed" trades will, IMO, eventually confuse the psyche. After awhile, you no longer trust your own intuition because of all the confusing messages you got from various "what if" scenarios you played out on your past trades.

Let's just say "I've been there and done that".

>>"At the same time, analysis of one's own trades is invaluable for deeper understanding of one's emotional reactions. This understanding eventually is supposed to help to prevent harmful reactions and breed helpful ones."<<

It is from understanding your own emotion that you know where to focus your energy on. Next time when I catch myself being too fearful, I will hit my "gong" to wake my mind up from its fearful thought. Yes, believe it or not, I have a small gong next to my desk just for this purpose. LOL!

Cheers!
:-)