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Thursday, July 05, 2007

The emotional of trading

Trading is often very emotional . The market is emotional (fear and greed of course.)

If you are new to trading strategies and are stuck in the rut of ‘getting ready to get ready, to get ready.’ Still reading and reading and making excuses to yourself – be careful. As they say – you can make money or make excuses, but you can’t make both. What is the bests way to battle that – take action, when – now of course. Put on a small trade – 1 contract or 2 contracts. Get skin in the game.

Lastly it’s about the right time for my ½ year review. ½ of the 2007 calendar year is over and it is time to refresh. How am I doing so far? How is my health discipline? Am I working out and getting my heart rate up on a consistent basis? How are my relationships? (This will affect my trading of course.) How is your trading? What are my top weaknesses in trading? Are I spending enough time on your trading? What are the books that I have read so far this year? Have I gotten lazy in ny self-improvement with your trading / with your marriage? What books have I read on being a better husband or wife this year so far? (Remember how you do anything is how you everything.) Finally what are my top 5 goals for the rest of the year? Physically, mentally, spiritually, relationally etc.... What books are you going to read? What will my weigh 6 months from now?

Remember you pay a price in life – regret or discipline. Discipline weighs ounces and regret weighs tons. Decide what one you’ll pay – in advance.

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