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Our mind is a funny thing and in trading it can help or hinder us.
Sometimes in trading our mind can wonder and we imagine all manner of things
that have nothing to do with reality. We only need to pick up on one negative
thing that's written out there to compound our fears and our sub conscious will
have us doing all the wrong things.
On a trading floor its the job of the person in charge to make sure everyone
is emotionally OK. Anyone not can get sent home.
Trading on our own can be challenging when emotional feelings start coming over
us. One way around it is self talk. This is where you talk to yourself about the
reality of what is going on and challenge your feelings.
At the end of last week I was looking to get in with a trade.Everything was pointing
one way. Then I started self talk. Do you really think that its doing this or
are you conning your self? Just because its being going this way for a while,
you think its going to continue. Have you created the wrong belief in your head?
Is your sub conscious being lazy and just going with crowd?
The reality is that this move is not holding this is not going up its reversing,
hit it short. But that's a hard one its against all my feelings. ***** your feelings
hit it short, manage your risk and start trading.
Which I did and got a good trade on. But it took some self talk to sort my head
out and get the right action going.
In another instance I dithered about spending some money on some tech stuff recently
until I started self talk. Do you need it? Yes! then get it and stop pussy footing
around thinking about it and get it, do it and stop procrastinating.
I got it and its great. Why did I hold back from getting it in the first place? I
dithered on spending the money because my sub concious was holding me back. Then
I used self talk, sorted my head out and everything was great.
Use self talk to help make those decisions that hold us back, you'll find you
make some great trading moves. |
