Quote:
Originally Posted by stratocaster59
Hey Om Salat, Hans, in fact all of us,
Fighting the little gremlins, the demons, the little man inside your head and especially the guy in the mirror is THE hardest discipline to overcome in trading.
If I could count the number of times I have recognised a good entry and the idiot in the mirror told me not to do it (FEAR) and the number of times the idiot in the mirror told me to take a trade when there were no triggers (GREED), I would be a multi-millionaire a couple of times over!
Something that worked for me was reducing my lot size from $10/pip to $1/pip. I can almost trade without fear doing that and the days of hot and cold sweats and your stomach in your mouth are almost gone.
The strategy is sound and proven so just focus on YOU.
You might want to try doing cleaning and ironing at the same time which seems to help some keep their emotions in check. (Sorry, Rocky, I couldn't resist!)
Strat
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Hey Strato,
I am not the least offended - reason being you are so right. For me the 'chores' as I refer to them keep me grounded and real and stop me getting to far away from reality, which when we trade can sometimes happen.
I listen to music -chat with my mates on skype and definitely trade when I am in the mood. I don't trade every day and sometimes wake up and think, oh crap I am not in the right frame of mind. Its amazing if you don't find it how you reach the right level mentally. Coming from Wales I'm mental anyhow (Gavin and Stacy!!).
Personally, I have a clear business plan (not a trading plan you will note). I am doing this as a business not as some part time extra cash venture. I review performance versus plan and look at where I think I can improve said performance. I am tracking a proper quarter i.e Jan 01 - Mar 31. etc. Nothing like a business plan, but it must live and breathe and not just be on the desk.
Anyway, been good this week. Hit my spin cycle everyday and up to 60mins session. Healthy body - healthy mind. Time for some food.
Mental Rockie
