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Thursday, March 01, 2007
Follow The Normal Routine
No matter what the market conditions may be, especially in weeks like this, it is very good idea to do everything you can to stick to the normal trading routine. You may not be able to control the market, but you can certainly control how you approach it.
Sticking to the normal routine will help relieve some of the stress and tension markets like this create for all of us. What you do today, should be exactly the same thing as you did last week on a normal trading day. The market's performance shouldn't disrupt your approach or how you spend your day. That will help you sustain calm under pressure, which is a key ingredient for successful trading.
Also, if you're feeling a little stressed out this week (and who isn't?), make sure also to do things to compensate for it. My recommendation is to increase your workouts and make sure to get plenty of extra sleep. Nothing will affect your judgment more than being stressed out and/or overworked. And, if you need a time out, make sure to take it.
Finally, be nice to those who are around you. Traders tend to take their frustrations out on their friends, spouses, and peers. They don't deserve it, so if you need an outlet for that pent-up frustration and emotion, head to the gym and have a strenuous workout. Not only will that help clear you head, but you'll return in a much more calm and non-emotional state.
Posted by Kirk at 10:35 AM in Trading Tips | Bookmark | Feeds | Link |
