A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Sunday, 15 September 2013
S&P 500 cash
Friday was an inside day, the break tomorrow will set up the tone for the beginning of the week. Possible C&H formation. Confidence is low.
News : "Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds."
Tuesday, 27 August 2013
a major top ?
we don't know, but we know that majority of people are now stuck on the wrong side of the market
re-read August 16th blog, What do we do now?
re-read August 16th blog, What do we do now?
Wednesday, 21 August 2013
some simple solutions.........
When
you are stuck, the more effort you put into trying to un-stuck
yourself, the worse off you become. It’s a little like being stuck in
quicksand—the more you struggle the quicker you sink. The first
solution is always to relax and often move slightly in the direction
that is opposite to what your instincts tell you. For example, a pilot
going into a nosedive must first push gently into the dive to get air
flowing under the wings properly. At that point he can begin to control
the airplane. Similarly, when you start to skid in your car, you must
first steer into the skid until you gain control over the car—which our
natural reaction is to do the opposite.
If you are stuck in your goal of becoming an excellent trader, try doing the opposite of your instincts. If you must take a trade, make it okay not to take the trade. Instead, move toward working on your emotions.
The second solution is to focus on what you want. When you focus on limitations, you feel the emotions of the stop sign or the limitation. When you focus on what you want to achieve, then you begin to see possibilities and new resources that open you up. What is your focus?
Finally, the third solution is to focus on being
what you want to be. If you want to be a great trader, don’t focus on
what they have or do, focus on their state of being. What is it like to
be a great trader? What is it like to step into their shoes?
If you are stuck in your goal of becoming an excellent trader, try doing the opposite of your instincts. If you must take a trade, make it okay not to take the trade. Instead, move toward working on your emotions.
The second solution is to focus on what you want. When you focus on limitations, you feel the emotions of the stop sign or the limitation. When you focus on what you want to achieve, then you begin to see possibilities and new resources that open you up. What is your focus?
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