Are You Calmed and Relaxed When You Trade?

Posted in Trading Commentary, Submitted by Trading Critic on Tue, 2006-05-16 04:08.

Nevertheless, I have learned how to make trades in a relaxed, but focused way. I don't put unnecessary pressure on myself. I don’t let myself get stressed out - it’s simply too costly to do that.

I don't believe that I have to be successful on any one trade; I keep my focus on the big picture. I don't believe I need to be right. I don't try to impose my will on the market. And I definitely don't try to predict the future of price movement. The market is the market - it does what it wants to do.

What I do is to closely observe market conditions and movement, and make up a detailed plan of attack. I trade what I see, allowing the market to take me where it wants to go.
I make a serious effort to stay calm and relaxed, and ready to act on whatever happens next.

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