Emotions are the ebb and flow of life. They are only a problem when we loss control of them. You cannot get rid of emotions unless we scoop out part of our brain. Emotions and thoughts are essentially energy. When we suppress or express a feeling, it tends to leave an energy imprint in our body. These trapped emotions play a vital role in forming beliefs / habits and how we respond to a future event. The emotions you feel today of frustration, disappointment and fear will contribute to your pattern behavior in future. The right way to deal with emotions is to feel and release it instead of suppressing / expressing it. There are few methods mentioned elsewhere in the forum including Sedona Method , Emotion Code, Dr Hawkins method etc.
One aspect of gaining control of emotions is mindfulness. It doesnt mean controlling thoughts or clearing your mind but learn to observe your mind / thoughts. This will awaken the observer and create the awareness of distance between you and your thoughts. Once you practice mindfulness, body awareness, you will start feeling the body sensations associated with emotions.
When I feel a negative emotion, I use Hawkins method to release them. You may do it after the fact too. Essentially , feel the emotions / feelings / sensations associated with the emotions, feel and experience it . Breathe nice and deep. Sit with the feeling until it start fading away. Do it anytime when you experience a negative emotion.
All these will take practice but it will improve every aspect of your life not just trading. Honestly this aspect is the biggest blessing after I choose to trade full time. It has taken me in a direction where it forced me to work on my personal flaws.
Last edited by rahulgopi; September 28th, 2015 at 01:21 PM.
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Bad blood moon day for me...realized around 30 handle loss total ....still have one long ESZ5 avg at 1879...I will sit on it and lick my wounds....I am ok with today as my 10 day ADR was showing at 36 handles, I entered positions accordingly but Mr. Market have other thoughts...
You are clearly more experienced than me and hence I was hesitant to point this out. However, since you have read my posts and familiar with my ups/downs and psychology, I feel confident that you will take this in the right spirit.
I went through your last few days posts. I am glad that you are AWARE of your emotions and that's is clearly an advantage. Next step is what to do with them. @rahulgopi posted great responses about many methods of managing them and even using them to improve our performance. I don't have anything else to add except one thing.
Trade with a size and instrument which gives you an 'I don't care' attitude. For me, it was SPY. I followed this advice from @Big Mike for 3 months early this year and it truly transformed my approach to trading. It's no longer fear or exuberance based. Hence the dejection or elation I experience is minimal now. Infact, when I feel such strong emotions, I swiftly switch to SPY (and not ES) as I hate sitting in the sidelines.
Some of your emotions during the last 2 days
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I totally agree with you but once we taste success with futures/options it is hard to go back to stocks/etf, I know that's the bad thing. I know my issue, I am second guessing everything my plan, my ability etc. by comparing with this abundance of information...that second guessing is direct result of recent memory (either good or bad) and of course size of instrument.
I personally feel this price action we cannot get later, I like volatility/range days and I make money in volatile period but this kind of volatility is kind of new to most of them and I am sure every swing/short term trader is going thru some kind of emotions doesn't matter how small or big the position size is...
Monthly Options is one more instrument I am comfortable with so kind of looking at it...
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