11 Thoughts on Trading Stress and Emotion

 *Everyone has a stop-loss level: For some, it’s a price; for others, it’s a pain threshold.11RULES
* It’s not stress and emotion that get in the way of trading; it’s the stress and emotion that results when trading becomes personal: about you, rather than about supply and demand.
* The measure of a trader is how hard he or she works when markets are closed.
* Much bad trading is hormonal: too much testosterone, too little.
* When traders don’t track their results, it’s because they don’t want to know them.
* The best traders have a passion for markets; the worst have a passion for trading.
* When it comes to market history, there are only two choices: trading with awareness of it, trading in ignorance of it.

* Losing a job or not wanting a 9-to-5 one is not the right reason to pursue trading.
* Markets tend to move in the direction of the greatest number of stops.
* The best traders are not relaxed *and* they are not anxious. They are alert.
* Deep down, traders who don’t prepare don’t feel they deserve to win. We always gravitate toward our just desserts.

Go to top