In Search Of Emotional Discipline

 emotional-discipline
 
 
 
 
 

  • An intra-day watch list keep you organized, focused, and ready to ACT
  • Trading specific candlestick patterns forces you to be consistent in your observations
  • Trading 15 min bars allow the market enough time to marinate and develop patterns
  • 15 min timeframe give you the opportunity to calmly stalk your prey and not rush to judgement
  • Once a set-up pattern is recognized, anticipate by observing 5 min chart for possible early entry point
  • Waiting for an internal bar to develop allow you the time to research and plan trade parameters before entry
  • Segmenting your watch list into various evolutionary patterns keep you attuned to changing market dynamics
  • Waiting for candlestick patterns to evolve allow you to calmly pick your entry/exit point with clarity
  • Monitor emotions intra-day by noting periods of high anxiety, low interest, and frustration zones
  • Proper breathing exercises before, during and after a trade will calm the senses and sooth the nerve
  • Reviewing missed opportunity intra-day will provide valuable insights to trading with confidence
  • Complacency is a deadly killer to staying alert to evolving trade set-ups. Being distracted can ruin an otherwise financially rewarding day. Guard against complacency by overcoming boredom with timely and diligent analysis. “The show ain’t over ’till the fat lady sings”