| To trade without emotional involvement.
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| | to the anger mentioned in the previous
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| It is a necessity, and yet it is
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| | paragraph. The first curl in a spiraling
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| virtually impossible. Certain things in
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| | out of control, that will likely break
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| life just bring out emotion, like making
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| | you in the end.Anger isn't he only
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| decisions that effect your financial
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| | emotion the markets bring out in us. The
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| outlook. There are two things that make
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| | opposite of anger is euphoria, everything
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| this uniquely harder for traders, than
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| | has gone your way. Some trades have gone
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| for non-traders. One is, we are likely
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| | beyond your wildest expectations. And
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| to be more involved in our financial
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| | ca-ching the money is rolling in. Up go
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| well-being than non-traders. Some people
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| | your trades, and you are on a roll like
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| would even say our priorities are out of
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| | no other. You have figured it all out,
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| whack, and perhaps they are right. But
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| | and the market is yours. She loves you,
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| nevertheless, that is the way we are, and
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| | just you, and will do what you want.
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| if we weren't that way we wouldn't be
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| | Again out go the principles that got you
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| traders. The second factor that makes
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| | there, and out goes your winning streak.
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| emotionless trading very difficult is,
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| | And viola you have fallen into the anger
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| this is likely to be our passion. We
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| | trap. Or at least the recoup trap, you
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| aren't singers, humanitarians (hopefully
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| | beg forgiveness, if the market will just
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| we do share our wealth), writers,
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| | return you to where you were before
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| politicians, spiritualists, we are
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| | euphoria made you greedy. You confess
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| traders, and are likely to be passionate
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| | your sins and beg for mercy. But again
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| about it. Many of us to be honest, love
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| | the market has no mercy, the market cares
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| it. Love it like Pittsburgh loves their
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| | not for you.In my own experience it is
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| Steelers, irrational, all consuming, eats
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| | after this roller coaster, has cut my
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| us up inside love it. And yet we know in
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| | trading funds in half, that I begin again
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| our heart of hearts, or more importantly
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| | to trade without emotion. So how did I
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| in our logical, rational part of our
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| | get to the point, where there never
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| persona that we can't be emotional about
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| | happens again? Where the market does not
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| it. Not be emotional about that which we
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| | elicit anger or euphoria. Well I don't
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| love?? It is one of the hardest things
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| | think you ever do. It is very hard not
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| in the world. That is why Doctor's don't
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| | to have emotions when you get pummeled or
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| treat family members.One of the easiest
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| | a positions breaks to the upside wildly.
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| traps to fall in, is to be angry at the
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| | So what do you do?You admit it, you
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| markets. Like a new love, nothing can
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| | acknowledge it, you are aware of it. You
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| get your hackles up so much as that which
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| | say ,yes that just ticks me off, why
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| you love. And when the markets fail you,
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| | would that trade do that. And you go
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| that love has disappointed you. And when
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| | form there. You decide what to do, if
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| love disappoints rage can easily follow,
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| | anything after you acknowledge your
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| just ask your teenager. It really fires
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| | emotions. You stick to your trading
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| that special spot in your belly. The
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| | rules. You can then go back and learn
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| problem with becoming angry at the
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| | from the event. Which is the real value
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| markets, is you want to get back at it.
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| | of mistakes. You can analyze what went
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| But to traders the market is the epitome
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| | wrong, compare it to what has gone right
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| of unrequited love. The market has no
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| | in the past. Perhaps change your rules,
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| emotion, you are fighting a losing
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| | perhaps accept that things are going to
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| battle, if you think you are going to get
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| | go wrong in the game of trading. And
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| back at it. Because it doesn't care.
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| | that is the price you pay for the right
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| The bad thing about this is that you are
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| | trades. But you NEVER make a trade based
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| likely to trade horribly because of this
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| | on emotion.You can still love the market,
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| emotion, if it goes unchecked. You will
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| | the game of trading. I do, and then I
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| override your systems, you will trade
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| | hate it too. I think about my sailboat
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| without thought, you will in fact mirror
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| | beckoning, and want to bag the whole
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| the very thing you are trying to defeat.
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| | thing. And that day will come. But the
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| Emotion not thought out, which is what
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| | difference is I love the markets from a
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| huge market swings are.The second pitfall
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| | distance, from a reflection, I love it as
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| of anger is similar to the first, but
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| | an accomplishment of man. It has been a
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| perhaps not as devastating. You are not
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| | huge part of my adult life, and has shown
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| angry so much as you want to recoup your
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| | me every aspect of human emotion, and has
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| losses. Like a horse bettor who got
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| | taught me one very, very nice lesson,
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| skunked at the track,, and borrows money
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| | patience.CT Larsen has been trading
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| from Uncle Rich, you increase your bets,
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| | stocks since 1990. Now trading large cap
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| throw out money management principles and
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| | stocks exclusively. He has recorded
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| press to recoup. Financially this can be
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| | three straight years of greater than 50%
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| more devastating than anger all on its
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| | annual returns.
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| own. Often though it is the first step
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|
