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Monday, August 10, 2009
How To Be Your Own Boss
You and only you are in charge of your of your trading! You are the only one responsible for your success or failure as a trader. NOT THE MARKET, not your trading system, not the government or the Federal Reserve, but YOU. That is an assume responsibility. You handle it by being kind to yourself. Become your own mentor. Watch how you are behaving during the trading session. Be especially careful to notice your feelings. Focus on your feelings gives you useful feedback about your performance. Remember that having a “winning day” or a “loosing day” is not the issue here. All that’s important is how you are performing in that job. Are you being professional, remaining emotional detached? Or are you starting to get irritable at the market. . the market makers . . the unfairness of life . . you know? Negative emotions are early-warning signals that you need to cool down and relax. Get back into your zone. Observe the tensions in your body and release it. Just let it go. Perform the visualization exercise again. Remind yourself that it’s all percentages. This is just another trade, just another day. If you make a mistake during your trading, and who doesn’t, don’t beat yourself up! Learn from it. Make a mental note to build on it. Thank the market for the training lesson and move on. Be nice to your yourself! It is very important that you avoid spiraling down into an emotional cycle where you end up doing some serious damage to your account and to your own ego. Happy trading ☺
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I hope you will learn from my years experience as a professional trader.