When tears are in eyes its really hard laughing bro
Hi Praveen taneja
Please don't do so when coming in loss. I know, it can happen and there are reasons behind it. I have seen people crying because of risking to much.
Here some more thoughts to that :
IF there is a transition where the trader goes from acceptable emotion to tradingpsych spiraling THEN there is a crossover point where IF you are aware of the situation, you have an opportunity to 'stop' this transition from completing, what makes this difficult to do, BUT also makes it all the more necessary to be able to do, is that this is happening internally and chances are you typically would not be aware of it until it was too late AND may not even consciously realize it until the spiraling has taken over and you give into it.
In light of this, traders can for example take there key issues and write them on an index card AND stick them on there personal monitors. The objective is realization and making this available to your conscious as a reminder, instead of only available to your subconscious as a problem.
Thus, when you do this, BE SURE that you are writing short non-judgmental notes - DON'T let the 'solution' make the 'problem' worse.
For instance, consider the combination of a build of emotions coming from consecutive losses which are also occurring during congestion - write notes similar to these on your card:
* a build in emotions may come from a series of quick consecutive losses
* quick consecutive losses often come from trading inside of congestion
* are your losses 'base' congestion method trades OR are you overtrading
* there is nothing wrong with 'base' method trade loses
* your trading results are fine when you 'base' method trade
Now consider the same situation BUT different notes:
* don't be a stupid idiot and overtrade congestion like you always do
* you are going to lose your ass and end up with another losing day like usual
* you do this same crap every day and the same thing happens
* you have no reason to even trade if this is all that you are going to do
Does this seem far fetched, does common sense indicate that no one would ever write notes like these? Absolutely some people would write these note AND worse [been there - done that], as they take the attitude that this kind of emphasis on what the problem leads to is an emphatic warning that will keep it from occurring. But instead this backfires, as most derisive self-talk of any kind tends to do. Now not only are the emotions stemming from this kind of self-talk in your subconscious where we know their potential to become debilitating, you have also put them into your conscious. AND since you have them in writing - right in front of you on your monitor next to your trading charts AND SINCE what you have written is a very prevalent tpsych problem - WHERE do you think your focus in going to be? Do you think you will continue to focus on those charts and trading method OR do you think you will keep 'seeing' your notes and intensify the problem and thus the speed of your tpsych spiral? The solution makes the problem worse.
Remain Neutral
* remain neutral - another note for your index card
DanPickUp
