Traders - Are You Psychologically Diversified?

March 10, 2009 by aa411853   comments (0)

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Dr. Brett continues to be the king of trader psychology.  If you've never read his blog, you should start today.  Forget all the other stuff the floats around on the Internet.  Traders pumping their chests about how much money they made today.  Or some new setup they just discovered.  All that's meaningless if you cannot control your emotions.

This article hits me to the core.  I went home yesterday after having a horrible day in the markets.  I was emotionally drained after having stared at the computer screens for about 10 hours straight.  I didn't know how I would fall asleep last night let alone hit the trading terminal again this morning. 

But after a nice workout and 7 hours of sound sleep I was ready to roll this morning.  And after counting today's final tally, I more than made up for yesterday's losses.

Here's a link to the post:

http://traderfeed.blogspot.com/2009/03/trading-with-diversified-emotional.html