I haven't commented on the other side of my brain lately, the
emotional side. Emotionally, I am trying to stay focused and relaxed. I
am not trying to
force the trade, and am just watching the market action and the news
flow, and then responding in a manner that is consistent with my beliefs
and my plan.
For 12 years, I sat in front of my trading screens nearly
all day, and
had very good success for the first nine. The last three were quite difficult
though. Now that I am working in IT during the trading day, I check the
market around 8am, and again around 6 pm, and once in a while will check
in during the day. Overall, I am no longer caught up in the action and
the drama of the day. I am much less likely to get in or out of trade
because of shorter term jiggles or news flow. I think this has helped me
maintain a longer term focus.
I have also noticed that
the 'edge of my seat' anxiety that I used to feel while watching markets
intraday, has been greatly reduced. It is still there to some degree,
but the volume level has definitely been turned down. At this time, it feels
better to trade in this particular manner.
I am reading a great book, Incognito: The Secret Lives of the Brain by David Eagleman. The author does a fantastic job in describing in laymen terms how lower level neural functioning significantly shapes how we perceive the outer world as well as how we make decisions based on our inner world processing, with much of this activity taking place at subconscious levels.
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