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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7022)	1/12/2006 6:06:07 PM
From: chowder	Read Replies (2) \| Respond to of 13449

Regaining Emotion Control .................................. Imagine the ultimate relationship with the markets. You clearly see a stock reach your entry point; you execute your plan, patiently wait for your profit objective, and take a profit. In your imagination, it's all so easy. You are calm, patient, and disciplined. Sometimes we trade in such a peak performance mindset, but oftentimes, we don't. We may get thrown off by an adverse event, or for some unexplained reason, we feel irritated and just can't seem to see things clearly. Have you ever been so frustrated that you look at your screen and you just can't seem to concentrate easily? Once you are extremely frustrated, everything starts to get blurry. You look at the most simple indicator and it's hard to fully comprehend it. At these times, you have lost control of your emotions and you may be likely to make a trading error. It's vital to regain control. Ideally, a peak performance mindset exists when you have nerves of steel. You are calm, focused, and able to fully attend to the markets. There are no distractions, and even if there are, they don't faze you. This ideal can be difficult to achieve at times. Sometimes, you are tired and you have difficulty concentrating. It may seem obvious, but the best way to make sure that you can enter and stay in a peak performance mindset is to get plenty of rest. Make sure you aren't hungry, sleepy, or physically uncomfortable. These factors in and of themselves may not always lead to trading errors, but they can contribute. You may be hungry and sleepy, and suddenly, an adverse event thwarts your trading plan. You may not react as you had planned if you are distracted by hunger and unable to concentrate because you are sleepy. The best way to prevent factors, such as hunger and weariness, from having a potential influence on your trading performance is to eat healthy and get plenty of sleep. Ideally, you should love trading. You should trade because it is your passion, not because you need the money. That said, not everyone can always love this profession that much. Ideally, you may prefer to trade mainly for the inherent intellectual rewards, but the fact is, you probably want the money too. Everyone has pet peeves with trading. It's important to identify your pet peeves. Perhaps you are not adequately capitalized, but need to do the best you can with your available financial resources. Maybe you would like to trade in a completely carefree state of mind, as if outcomes don't matter, but you need to make money on trades to pay some of your bills. Perhaps you like to trade, but part of you (maybe only a small part) wishes you were able to do something else, such as real estate investing. Everyone has unique pet peeves, and these pet peeves can influence your trading at times. In the back of your mind, you mull over these issues, and when things do not go your way, you make mistakes. Our emotions can surprise us at times. We think we are calm and ready to approach the markets with discipline, but something distracts us. It seems to come out of the blue, and it often does. However, if you get plenty of rest and identify and resolve psychological issues that lurk in the back of your mind, you will be more likely to regain the ideal mental state you need to trade profitably. Innerworth.com (This message is linked to previous articles.)