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Tom Lisk wrote:
> <<This went on for awhile...and still haunts me at times.... Can you imagine?
> I watch a trade to completion, then leave the room happy that it worked out
> and I was correct...but didn't make a dime? I think it had a lot to do with
> evading the potential pain of losing money. If I just watch it unfold, it's
> fun...but, if I get on board, it then becomes a frigg'in painful battle.
> The lure of money was not enough to make me push the button. Has anyone else
> experienced this "living in an academic world" thing?>>
>
Tom:
I'd agree with what Tom said [I re-read the darned post three times to figure out which Tom was quoting which Tom...never mind]. Look, everyone freezes, at time,looking at potential entries, everyone freezes, at time,at their pre-planned stop-losses. When that happens to me, it means I need a break. And I take a break. I usually take a week or more off of trading [I make myself take a minimum of three trading days off]. I clear my mind of those feelings, and I don't look at the markets until those feelings have gone [No, I don't watch the market news, I keep my monitor turned off and I don't update my charts. I stay away from the markets.].
I come back to the markets humble, open-minded and looking to get back in step with the market. Nothing feels better than being short when a market goes down or being long when a market goes up. It's that simple connection to the energy of the market I am looking for. And after I clear my mind, I come back and wait until I am drawn back into the markets. Sometimes, the market lets me in like a good friend. And sometimes, I have to make a small trade, and then take a quick profit, just to get my feet under me. If it takes a very long time and I get too edgey, I'll take three more days off and try again. But I find the market again. And it finds me.
I hope that makes sense and helps.
Tim Morge
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