For those of you who haven't read Jack's Schwager's 2nd Market Wizards book, I would highly recommend it, as his interviews with successful traders are very insightful. Especially in regards to their control of their emotions. The suggestion of cutting back the leverage is a great way to get used to the emotional tug and at the same time be in the trade. Many of the traders suggested removing yourself emotionally from the actual trading desk and visualize yourself standing behind herself and actually watching yourself place the trades. This will allow you to remove yourself emotionally from the action of trading and thus trade in a much more objective manner.
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- Oct 9, 2008 3:10pm Oct 9, 2008 3:10pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
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- Joined Mar 2008 | Status: Still testing and trading | 1,537 Posts
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- Edited Oct 10, 2008 1:18am Oct 9, 2008 3:42pm | Edited Oct 10, 2008 1:18am
- Joined Mar 2008 | Status: Still testing and trading | 1,537 Posts
- Post #38,533
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- Oct 9, 2008 3:44pm Oct 9, 2008 3:44pm
- | Joined Oct 2007 | Status: Member | 1,236 Posts
"Timing Is Everything. Really I Swear It Is"
- Post #38,534
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- Oct 9, 2008 3:47pm Oct 9, 2008 3:47pm
- | Joined Aug 2008 | Status: Member | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
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- Oct 9, 2008 3:47pm Oct 9, 2008 3:47pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
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- Post #38,537
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- Oct 9, 2008 4:12pm Oct 9, 2008 4:12pm
- Joined Apr 2007 | Status: Member | 3,047 Posts
The best thing that can happen to you is to find out where you're wrong.
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- Oct 9, 2008 4:12pm Oct 9, 2008 4:12pm
- | Joined Jul 2008 | Status: Member | 134 Posts
- Post #38,539
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- Oct 9, 2008 4:18pm Oct 9, 2008 4:18pm
- Joined Apr 2007 | Status: Member | 2,303 Posts
- Post #38,540
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- Oct 9, 2008 4:23pm Oct 9, 2008 4:23pm
Don't be afraid to challenge the pros, even in their own backyard.