Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, June 15, 2009

Emotional Clearing

Mike, yesterday asked about how to deal with negative emotions during the trading day.

Dr. Brett (not that I find him to be ..... God) would or may talk about this as negative Self talk...

there is a process Called Emotional Clearing..... maybe a web search for it....

But:

  1. Stop resisting the negative sensations in your body. Instead, bring awareness to your body and allow it to inform you.
  2. Stop resisting your emotions. Instead, bring awareness to them and allow them. (We avoid actually feeling our emotions by projecting them and repressing them. This must stop to actually clear them.)
  3. Stop resisting and repressing negative thoughts. Instead, observe them and question them.
  4. Once you achieve the 3 steps above, continue to do this and actually allow all this to be okay. Let it inform you about its origins.
  5. Follow the sensations, feelings, and thoughts - beliefs to their origins in your childhood. Allow all the related negative conditions and experiences to be okay. This will create a state in which the original formative traumatic or overwhelming incident will naturally begin to "heal" or resolve.
  6. Allow all of this to soften and flow in, around and out of your body space, while holding your early childhood self in a nurturing embrace.
  7. Continue to do this until you feel a great release of energy and possibly an essential state like "inner peace".
.......
http://www.panharmonic.com/i//waterfall_web.jpg
But Listen.....

I have a 5 Trade per day Goal....

I have never traded more than 3-5 issues per day....

and I've never tried to trade more than 5 times in the course of a day.(per issue)

And If I Miss... on a trade 3 times.... I'm done.... If I'm not "In the money" in 3 trades... I need to quit.. save my money... admit "Today I am Wrong" and walk away...

The bad thing is to not say "I'm Wrong" and to hold a bad trade and make it worse by 7 more.

This is the Trading rule about throwing good money after bad.

My negative self talk happens when I stay in a bad trade.... or when I'm not answering the question "When do I take Profits".... "how much do I leave on the table"..... "Is this a developing Long term trade?"

So... My positive talk is something I do when I get out of a bad trade "Good thing I got out, that could have become worse"

Maybe it turned your direction after you exited, and you had a good trade... But still good self talk, about being Disciplined is where your mind should be.

I also spend tons of time, in meditation... which to me is to Take a walk for an hour, or a bike ride for 3..... or to spend 30 minutes in the shower....

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