Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dominick who wrote (381)	2/1/2001 5:49:58 PM
From: Moving Sphere	Respond to of 867

Dominick, >>"Professionals learn to not to eliminate them but to channel them to enhance their performance."<< While different from channeling emotions and adrenaline into a more intense physical performance in sport or other physical activities, trading requires channeling emotions and adrenaline into a positive thought process. You clicked a mouse to send a trade... your heart skipped a beat, your stomach tied to a tight knot, and if you were trading a large position, sweat began to form on your forehead. Each tick against you amplified these physical reaction one knot up. Meanwhile, your thought, if not being managed in a disciplinary manner, was going haywire.... "You got to be kidding!" "Why didn't you wait!" "Holly Molly, I'm going to get stop out!" "I KNEW it!!! It is taking off without me AGAIN!!!" and on and on.... Now, a well-trained disciplined ego would redirect these negative energy into positive energy.... "Take a deep breath" "It's cool.... I follow the setup... I can't expect to be right all the times... in fact, NO ONE can be right 100% of the time... this stop out is just the cost of doing business...." "Whoop... I got stopped out.... thanks goodness I've my stop on!" "OK, let's look for another setup..... hey, the market is coming back where I originally thought it would... let's see if I can find a setup to go back in again...." The above cool and calm thought required training and discipline to achieve. Daily meditation or other western or eastern path of self-improvement are just some training method. By the virtue of thinking the calm thought under intense pressure, you are, in fact, channeling or redirecting your emotion and adrenaline into a positive mindset. Same principle but different mean of channeling. One go to physical outlet, the other go to the mindset. Nope, it is not easy... it is a constant struggle... >>"To really overcome a phobia you should expose yourself in small increments until you are comfortable in each phase."<< Even if you're dipping in a little to get yourself climated as you suggested, you still have to go thru the same cycle... fear to greed to fear to greed and on and on until you get better at redirecting your thought to a positive mindset. Important thing is that you must acknowledge any negative thought that may come your way and remember to redirect your thought back to the positive mindset. Here is an analogy, everytime you trade, you are stepping into a boxing ring with the like of Mike Tyson. Regardless of whether you are trading small increment or large increment, that punch coming from Mike Tyson is gonna HURT!!! Ouch! Now, here is the tough part, after that black eye you just received, you need to tell yourself that it is going to be fine... that you are not going to give up... that the fear you're experiencing right now is normal and will go away... and so on.... How about this scenario... you got on the ring... you swing a left hook and with some miracle you give Mike Tyson a black eye!!! Whoa! What's a feeling! Man! If I can give Mike a black eye, I can do anything! Do you see the tough part coming? Well, how are you going to tell yourself to calm down and not get too overconfident? Trading is tough... but if you have a trained mindset... it can be fun.... but always watch out for that deadly punch that can knock you out completely if you're not careful... >>"I do know that I seem to see why I shouldn't have made the trade just after I make the trade."<< If that ever happen, simply get out of the trade immediately. Especially when you know it is your emotion that did the trade and not the setup. Cheers!

To: Dominick who wrote (381)	2/1/2001 7:53:07 PM
From: h.g.	Respond to of 867

Dominick: >>"I am not sure that my last post applies to just clicking a mouse to send a trade"<< No it does apply to clicking the mouse. Reason: >>"Emotions and adrenaline could interfere with the above physical performance."<< and actually the mental. Heavy emotions, positive or negative, block one's true perception. So, yes to this. The channeling you would have to talk to someone like Moving Sphere about that. Again, I don't use that method, but that doesn't mean it might not work for you so ask MS. Just to share, (not sure if I said this before) but, my method of meditation is based on a combination of Raja/Ashtanga Yoga with influences of Intergal Yoga. The 2 yogas are not really that different, just different teaching styles and points of view. It is very heavly focused on the the three dimensions of the physical, mental and spiritual. All three interrelated and almost always connected. In is very strong on ridding self of the underlying mental thoughts, while realizing a new way. Its like a house with a bad foundation. You can try patching or reinforcing but the house will never be right or without problems until you fix the foundation. But when you do fix the foundation, you must make sure there is adequate support to hold the house as you remove the bad and replace the new. You acknowlege that the house,(your mental, physical & spiritual aspect) is currently lived in and must function, so any construction must not be destructive or negligent. Anyway, again to all, Threei, Dominick, Moving Sphere and the other contribitors, this discussion has been an excellent form of examination and I hope that we continue!!!