Are You Calmed and Relaxed When You Trade?

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

From a purely psychological perspective, one can wonder what would have happened had the Sooners lost one of their first few games. Maybe they would have learned how to recover from a setback, and when they were down by a couple of touchdowns, they could have easily come back to make the win. It's like what some hedge fund managers say about good traders: "The best traders are those who have blown out their accounts a few times. They know what it feels like, know how to recover from it, and the possibility doesn't haunt them anymore."

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