Trading Psychology Practical Tips, Part 2
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Trading Logs
Write down patterns on 2 things:
How you felt.
Confident.
Stressed.
Anxious.
Mad.
Just a little uneasy.
What you were thinking.
Self talk specific phrases:
“This looks good.”
“This has to work.”
“This looks toppy.”
“This can’t go any higher/lower.”
“I’m gonna try this.”
“Let’s see what happens.”
Look for patterns. Once or twice means nothing.
It’s very personal, you have to find YOUR patterns.
You normally have a general awareness of these things, but we want to bring them from the back of your mind to the front of your consciousness.
Friend: Every time he took a trade: “Yeah, this probably won’t work.”
Next episode we’ll finish this 3-part series on trading psychology with the most powerful technique I’ve ever found for turning a trader around from being non-profitable to being profitable.
