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Ira wrote:
.... On many occasions I have used OCO orders once in a position and then gone
and played golf, and not worried about it. If my target was hit, I was out, and
if I was wrong, I was stopped out.
NW: Trading is easy, golf is difficult. Let's talk about the psychological
dynamics of golf and its impact on the mental state of traders. It is said that
golf is a game where you compete against yourself. If you play golf like most
people do, every time you play golf you lose to a bad player. Now think of the
frustration and negative feedback that sort of conditioning sends to your brain.
Just as a point of contrast, being a bad tennis player and losing, one can justify
losing on the courts with a good effort and telling oneself that they are better
off for having lost to a better player. No such luck in golf. No matter how hard
you try, chances are you are still going to "BEAT" yourself. Beating yourself is
not good
for ones confidence and certainly not good for the emotional state of traders who
must overcome considerable abuse from the market. My advise is, unless you can play
golf like Greg Norman etc., golf and trading don't mix. Stop beating yourself! Find
a relaxing sport where you can loose gracefully to someone other than yourself.
Tidally Winks anyone?
Confidentally,
Norman
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