i suggest that successful trading requires a certain level of two things: cognitive intelligence (IQ) and emotional intelligence (EQ).
We use our cognition to 'plan the trade' and our emotion to 'trade the plan'.
the greater these two skillsets are, and the more in balance they are with each other, the greater the chance of trading success and ultimately trading mastery.
this trade: +18.75 NQ points/contract, 1 contract closed...
on the above chart, tradestation is not showing the trade history correctly...the chart reports i still have 1 open NQZ09 contract when in fact i am flat the NQZ09...
currently bidding for 1 contract at 1753.50, just above the rising 200ma on the 15M chart and at 1717.50...
i am also bidding for 1 contract at 1785.00...if this order is not filled during the rest of the overnight session, then i may change it during monday's regular session...
***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...trade at your own risk**
'Securities Trading from Both Sides of My Brain' explores a dual aspect of securities trading: planing the trade & trading the plan, alongside a dual aspect of the mind: cognition & emotion.
I have been actively trading the US Capital Markets since 1996. I earned my living from 1999-2010 by profitably trading for my own account. I have recently returned to my IT roots, but still continue to trade my IRA. I love talking about markets, so feel free to leave a comment.
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