Daily Trading Goal – Don’t Sweat the Small Stuff

Today’s trading goal is: Don’t Sweat The Small stuff.  If you let the small stuff go (getting filled a few cents below or above your limit. Let it go.  The energy spent on being frustrated can be focused on creativity and development as a trader.

Breaking your negative mindset

How do you break a negative mind set? Psychology offers some insight into what may work.

It happens to all traders.  9:30 you hear that bell ring, with your plan in hand, you are ready to trade.  9:45 you put on your first trade: Stopped out. 9:51 you put on the second trade: Stopped out. You know where this is going…

All the statistics in the world wouldn’t prove to your feelings that the next trade is going to be different.  Two things are happening here 1) Unconcious negative priming 2) Fixated mindset.

These thoughts can range from “This next trade just isn’t gonna work I can feel it.” To “f@&k this! I’m a horrible trader, nothing I ever do is right.”  How do you break this mind set?  Move the body, but why?

“How do you break a negative mindset? Move the body!

In John Coates book The Hour between dog & wolf, he cites numerous studies supporting the idea that the endocrine system as a whole is meant to prepare the body for movement.  You are sitting there trading though!  Move the body! As the chemical cocktail permeates your system you are prepared to escape that tiger, fight that local villager, or keep your rank as Alpha Male.  But you’re still sitting there.  Get up!  There is support that exercise does more than just burn calories (more on this in a later blog & how it may effect trading)

Use the endorphins that flood this biomechanical machine to move. Go for a walk, go hit the heavy bag, do short sprints, squats, burpees, or push ups!  Anything that will let those chemicals be used in the way they were supposed to.