Archives of “thoughts and feelings” tag

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Develop Your Mental Strength In Trading

  
  Education
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Tip #1. Knowing what kind of trading actions to take.

This is important because it’s under your control. This includes identifying good trading opportunities and good entry price. Many people just like to be trigger happy and open any trades they want to. Trading is about getting quality trades and not quantity trades, more trading actions will cause more mistakes. Often people are very impatient and like to chase after the price and got in at a bad entry point. Remember that opportunities to trade will always arise, so wait for it and don’t risk unnecessarily.

Tip #2. Knowing what is going on in your mind, feelings and body.

Being aware of what the mind is telling you and how we are feeling is important in developing mental strength. When you know how you feel and how you think, it’s easier to keep things in control. For example, if your mind is telling you that today the market is not moving much in any direction, then you don’t sit in front of your computer to wait for an opportunity already! If you continue to find reason to trade, you’ll find yourself ended up in an unnecessary trade.

Tip #3. Commit to high value actions regardless of how you feel.

This means you have to be willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. While it’s not easy to maintain positive trading actions when you are feeling down, take a break from it and come back when you are refreshed.

Desire and Fear in Trading

  
  Education
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Desire and fear alternate in the minds of traders as they go through the day.  But let me ask you whether desire or fear dominates your thoughts and feelings as you trade? 

For many traders the primary emotion is fear.  They fear loss: losing profits, losing money, losing equity and even their margin.  Some fear losing their touch, their feel for the market, their focus, their luck, the respect of their boss, colleagues, or mate, or worse, their own self esteem.

Other traders are flooded with the emotion of desire.  They look forward to what the day will produce.  They like the thrill of the chase.  They have a sense of unlimited potential and abundant opportunities for profit.  They anticipate improving their skills, intuition, and understanding as they go through the trading day and week.

Keep in mind that desire is not greed.  Greed is an inordinate wanting.  It is excessive desire and comes from a sense of scarcity, a feeling that there is not and will not be enough.  Desire is healthy: greed is unhealthy.

What you feel depends upon your mental focus.  Do you place your conscious and unconscious attention on the possibility of loss or the probability (hopefully) of gain?

What you hold in your conscious attention colors your reality and becomes the quality and fabric of your life and trading. In your life, do you look for what’s missing, or do you pay attention to what you have and can create?  Do you think about terrible things that have happened and could happen again, or do you think about wonderful experiences you’ve had and expect even better things ahead?  Trading is a microcosm of life.  What you do in life, you’ll do in trading.

You can through conscious volition change your focus from loss to gain.  You can imagine failure or success.  You can anticipate improving your skills and understanding, or you can worry about getting even worse. (more…)

Desire and Fear in Trading

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Desire and fear alternate in the minds of traders as they go through the day.  But let me ask you whether desire or fear dominates your thoughts and feelings as you trade? 

For many traders the primary emotion is fear.  They fear loss: losing profits, losing money, losing equity and even their margin.  Some fear losing their touch, their feel for the market, their focus, their luck, the respect of their boss, colleagues, or mate, or worse, their own self esteem.

Other traders are flooded with the emotion of desire.  They look forward to what the day will produce.  They like the thrill of the chase.  They have a sense of unlimited potential and abundant opportunities for profit.  They anticipate improving their skills, intuition, and understanding as they go through the trading day and week.

Keep in mind that desire is not greed.  Greed is an inordinate wanting.  It is excessive desire and comes from a sense of scarcity, a feeling that there is not and will not be enough.  Desire is healthy: greed is unhealthy.

What you feel depends upon your mental focus.  Do you place your conscious and unconscious attention on the possibility of loss or the probability (hopefully) of gain?

What you hold in your conscious attention colors your reality and becomes the quality and fabric of your life and trading. In your life, do you look for what’s missing, or do you pay attention to what you have and can create?  Do you think about terrible things that have happened and could happen again, or do you think about wonderful experiences you’ve had and expect even better things ahead?  Trading is a microcosm of life.  What you do in life, you’ll do in trading. (more…)

Tips For Mental Toughness of trading psychology

  
  Education
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Here are three things you can do to keep your mind and body focused on the trading:
1. Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch yourself before things spiral out of control.
2. Know what trading actions are important to take. These are high-value actions (HVAs) under the trader’s control. HVAs are relevant to trading and include identifying sound trade setups and solid entry triggers. You must know these cold and be ready to execute them.
3. Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes practice.

Tips For Mental Toughness of trading psychology

  
  Education
#  #  #  #  #  #
1. Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch yourself before things spiral out of control.
2. Know what trading actions are important to take. These are high-value actions (HVAs) under the trader’s control. HVAs are relevant to trading and include identifying sound trade setups and solid entry triggers. You must know these cold and be ready to execute them.
3. Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes practice.

Desire and Fear in Trading

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Desire and fear alternate in the minds of traders as they go through the day.  But let me ask you whether desire or fear dominates your thoughts and feelings as you trade? 

For many traders the primary emotion is fear.  They fear loss: losing profits, losing money, losing equity and even their margin.  Some fear losing their touch, their feel for the market, their focus, their luck, the respect of their boss, colleagues, or mate, or worse, their own self esteem.

Other traders are flooded with the emotion of desire.  They look forward to what the day will produce.  They like the thrill of the chase.  They have a sense of unlimited potential and abundant opportunities for profit.  They anticipate improving their skills, intuition, and understanding as they go through the trading day and week.

Keep in mind that desire is not greed.  Greed is an inordinate wanting.  It is excessive desire and comes from a sense of scarcity, a feeling that there is not and will not be enough.  Desire is healthy: greed is unhealthy.

What you feel depends upon your mental focus.  Do you place your conscious and unconscious attention on the possibility of loss or the probability (hopefully) of gain? (more…)

Desire and Fear

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Desire and fear alternate in the minds of traders as they go through the day.  But let me ask you whether desire or fear dominates your thoughts and feelings as you trade? 

For many traders the primary emotion is fear.  They fear loss: losing profits, losing money, losing equity and even their margin.  Some fear losing their touch, their feel for the market, their focus, their luck, the respect of their boss, colleagues, or mate, or worse, their own self esteem.

Other traders are flooded with the emotion of desire.  They look forward to what the day will produce.  They like the thrill of the chase.  They have a sense of unlimited potential and abundant opportunities for profit.  They anticipate improving their skills, intuition, and understanding as they go through the trading day and week.

Keep in mind that desire is not greed.  Greed is an inordinate wanting.  It is excessive desire and comes from a sense of scarcity, a feeling that there is not and will not be enough.  Desire is healthy: greed is unhealthy.

What you feel depends upon your mental focus.  Do you place your conscious and unconscious attention on the possibility of loss or the probability (hopefully) of gain? (more…)

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