If you've ever been a serious golfer or even just played the game a few times, you understand practice, technique, and probabilities. Golf balls can live in a world of "almost," "close," and "should have." Trades sometimes act the same way. Serious traders, like their golfing comrades, spend a lot of time in practice, in observation, and in analyzing their psychological position relative to their achievements.
Like golf, online futures trading requires a exact mind-set. It's a game of never ending challenges to heighten the score, and that involves emotions. Getting control of those emotions comes with understanding and practice. Studying to identify inner feelings when they start to occur is essential.
Everyone has a lot of caress with feelings. We were born with a whole big division of them, and they play a primary part on the road of life. Feelings can be controlled, hidden, buried, even ignored for awhile, but never made to wholly disappear.
The smart trader is a disciplined trader and got that way over time, with knowledge and practice. Discipline must be learned. Those individuals with a high emotional response level will have more to learn than man who has a simply calm demeanor.
Early recognition is a key. Anticipate your reaction and get ready a response. When a trade goes opposite your intended direction, focus on the big picture, and what you learned from the move. It is only one trade in one session. There are hundreds of sessions ahead, and thousands more trades.
Your stop will take you out and it is finished. You move on. If the outcome has you upset, leave the room. Go out in your yard to a pleasant area for a few minutes. You won't miss anyone while you're gone, and the time will allow your thinking state to improve. You cannot trade from a position of frustration. Doing so leads to over trading and usually, disaster.
Control of how you feel and act throughout the day is a deciding factor in whether or not you come to be a consistently successful trader. The study of your emotions, consulation with other traders, and endless practice make discipline a primary ingredient for all who play the game.
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