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Wednesday, November 01, 2006

Breaking the cold streaks

In the journey of trading, we do not always win on every games we play, every trader, no matter what their skills, has cold streaks.

The only way to break this “Cold Streak” is to stop trading for a while and call a time out
So that you can come back in a different state of mind.

If your schedule permit, why not take a break and engage in activities that will restore your mind to a state of rest and relaxation.

After a complete break will we have a refresh eyes to track the market again for potential trades and monitor price movement.

The most important is to sort out what has gone wrong.

This above process will help to move you into a better frame of mind and stop self abuses and self-destructive cold streaks.

In summary, you need time to reflect and improve, this will make trading more fun because you do not destroy your account and suffer self-abuse that comes along with it.

Warren Buffer did not trade the whole year of 1999.

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