Breathing
Patterns in Day TradingWatch your breath when you take a position in day trading. It will definitely not be normal. My observation is that more brittle the emotional make-up of the individual, more hurried is the breathing. In any case do emotional traders really survive eventually ? Maybe if they learn to channelize it into useful energy. But that is a hard and long story. We will deal with that some other time.
Humility
Being Humble is not just a heavenly virtue heard in churches. The mature trader is always humble, after being battered time and again in the markets. So why not start it a bit earlier ? Believe me, it pays to be humble, otherwise one goes to the market every day with confidence only to be smashed time and again. This is very common among traders early in their career.
Sunday, August 31, 2008
Breathing and virtues
Labels:
breathing,
day trading,
mature trader,
trading career,
trading humility
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