watch out for LOD break..
From
Ziad Misri's article..
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Here’s a quote from the great Golf psychologist Bob Rotella:
"I have never worked with a golfer who could play anywhere close to his potential unless he shed his expectations before he walked on to the course. Expectations can hurt you immensely if you are focused on the results of a particular stroke, hole or round. Why? You keep judging how well you are playing against how well you expect to do. You get angry at yourself and tie yourself up in knots. You lose the simple joy of the game. If you must have expectations about results, expect to make mistakes."
This is a great quote. As it says, the problem is that having expectations causes you to become results centered. And being results centered in trading will kill your bottom-line. Let’s assume that you think this day will be a large breakout day that will trend all day long. It’s definitely fine to expect this if the market is showing you signs for its potential. But the problem occurs when you start expecting and looking forward to the great profits you’re going to have. Now you’re no longer process-focused. And so if your first trade happens to be a loss, it’s going to affect you more than usual. Now, not only do you have to deal with the normal emotions of losing, but you have to deal with falling short of expectations. You’ve created a gap between your mind and reality, and you’re naturally going to feel worse because of it. You’ll also feel like you’ve failed and that it’s not acceptable to fall short, and you may become more aggressive and take unwarranted risk. Often, what was just one loss or missed trade becomes your unraveling point because you expected so much better. But what if you didn’t expect?
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