1. Think positively. Being optimistic helps in stressful situations. Do not let stress affect your mind and keep focusing on the positive side of your trading. What we think may result in decisions that can lead to better or worst situations. Thinking positively helps in making good decisions.
2. Change your response to stress. Being able to manage stress means developing strategies to deal with stress. Think of stress as a reaction rather than an event. It makes it easier to identify healthier ways to manage stress. Learn to Reframe Your Brain when adrenaline kicks in as the result of a win or a loss.
3. Task division. No man is an island. As a human being, we cannot survive being on our own. Having a trading mentor or trading buddy can provide both a sounding board and a support system.
4. Manage your time. Time is such that once you lost it, you can never get it back. Managing and limiting your trading time will help to keep your emotions and trading on track.
5. Learn your priorities. Our behavior towards ourselves and others may also contribute towards stress. Sometimes it is important to say no towards requests that you find it hard to meet. Keep in mind that by saying ‘yes’ to everything may please everyone but you may add on more stress and cause disappointment if the target is not meet.
6. Look away from your charts to take a break. Learn to calm mind and reduce stress while trading. By mastering Your Traders Journey and performing the brain reset function will get you back in the zone when you feel stressed.
7. Always be cool. Remember that stress is normal. However, it is important to keep your cool. Focus on the situation to gain control and don’t give up. Try your best to remedy the situation. An easy way to remain cool and distributing your load it to use four A’s of managing stress: avoid, alter, adapt, or accept.
8. Strong social network. Having a strong support from family, friends, peers or colleagues is important to help you through the stress. This is something that you can cultivate when you are not under stress and helps you to feel that there is someone who will be there if you need them. Try getting together for dinner, calling your parents/long lost buddies, chatting with colleagues or having coffee to help reduce stress while helping to build a bond with people around you.