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Mental Testing: Making Sure Your Mind Is Engaged


By Jason Brumbalow :: Chief Operating Officer
Jun 7, 2007, 13:43
 


 



Profitable traders rely on their intuition. Your sense of the market action is critical. Your perceptions must be accurate. But your perceptions and thoughts are not merely mental; they are influenced by physical factors as well. When you are worn out, tired, and unable to connect with the markets, you may act impulsively, and regret it later. It's essential to trade in the proper state of mind, and when you find you can't trade at your best, it may be wise to stand aside.

Have you ever started the trading day worn out and distracted? It's hard to focus. You have difficulty concentrating on what steps you want to take next. When this happens, you might want to try to get your mind moving. This can be done by looking through a few charts and reviewing past trades, anything to get your mind thinking of trading. If you have trouble getting interested in the markets, you can try eating a snack and leisurely watching media coverage or reading a financial newspaper. The idea is to get your mind moving mentally rather than allowing it to stagnate. Once your mind is moving in the right direction, you will become engaged in the markets and you will naturally start thinking of innovative trading ideas.

Sometimes you don't need to push yourself too far to get your mind moving, but other times, you feel stuck. When this happens, you may need to take a walk or do some physical exercise to get your physiology moving. Your thoughts are closely linked to your body. By moving around, and exerting yourself physically, your mind will start moving.

If you find you just can't get your mind focused on trading, you might want to stand aside until you fully recover. It may mean taking a nap to restore your mental energy or it may mean taking the rest of the day off until you get the rest you need. Trading takes mental energy, and if you are physically tired, you will not be able to concentrate and trade at your peak.

All you can do is get proper rest. Whatever you do, don't force yourself to trade while in a poor state of mind. You will end up making trading errors and acting on impulse. In the end, you will end up losing, and feeling regret. If you trade in an optimal state of mind, however, you will end up more profitable in the long run.





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At The Trading Authority, Our philosophy is to provide a one-stop trading education solution by addressing all of the factors critical to online trading success. These include a profitable trading system and tools as well as trading psychology and money management strategies.