guys on these emotional days - it's easy to get emotional, best
thing, and I'm guilty of not doing it as well: Best to map out your
decisions the prior night, if X happens I will do this, if Y
happens I will do that. Actually write it down before! Like
if market sells off on Tuesday I'll look for support at the 61.8%
Fib, will monitor intra day charts, triggers. whatever.
Basically I find if you write out your decisions ahead of
time what you will do if market does X or Y or Z, then it's much
easier to just pull the trigger when one of those things occur and
be like a robot. Otherwise during the heat of the battle
things are moving fast, emotion is high, it's hard to make those
decisions.
in short if possible write a few sentences down each night in a
trading journal, the actions you will do if X or Y or Z
happens.
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Thanks for all you do
SPX 5 min and comments
Posted by joepiper on 23rd of Oct 2018 at 02:01 pm
Thanks for all you do Matt and Steve. Paid for my membership this morning.
well that's awesome man!!! great
Posted by matt on 23rd of Oct 2018 at 02:05 pm
well that's awesome man!!! great job!
guys on these emotional days - it's easy to get emotional, best thing, and I'm guilty of not doing it as well: Best to map out your decisions the prior night, if X happens I will do this, if Y happens I will do that. Actually write it down before! Like if market sells off on Tuesday I'll look for support at the 61.8% Fib, will monitor intra day charts, triggers. whatever. Basically I find if you write out your decisions ahead of time what you will do if market does X or Y or Z, then it's much easier to just pull the trigger when one of those things occur and be like a robot. Otherwise during the heat of the battle things are moving fast, emotion is high, it's hard to make those decisions.
in short if possible write a few sentences down each night in a trading journal, the actions you will do if X or Y or Z happens.