Tuesday, December 8, 2009

Your personal life affdects your trading!

Many traders have a hard time believing that their personal lives affect their trading performance. A trader must realize the magnitude of the brain and get to know how the subconscious works. Lots of information is stored in the brain and lots of things are going on in the brain without one realizing it. If a trader is troubled: for example, a family member is sick, a spouse's argument has taken place, one or more of the traders children is having a personal problem, or a tough month in trading may prevent bills from being paid etc. It may be difficult or impossible to have a successful day because of the brain ( the subconscious) being preoccupied with a problem. Thus, the trader may have a difficult time focusing or concentrating on trading. Whether or not the trader is dealing with a problem consciously, he or she must be aware that he or she maybe dealing with a problem subconsciously. For the fore mentioned reasons, a trader must always be in tune with what he is thinking. How many traders think about about what they are thinking about? How many people think about what they are thinking about? Well, to be successful one must be in tune with ones self. Thus, to know what one is feeling and thinking is vital to one's performance. How well do you think Tiger Woods could play with his recent problems? My advice is for the trader is not to trade until the problem is solved or until the trader has the ability to transcend the problem temporarily (this takes practice, this takes work, this takes experience and this takes time to cultivate the ability to know that trading on a particular day may be prohibitive and could be disastrous).