Wednesday, December 12, 2007

Emotions as Information

Start with a premise: Suppose you were empathic and could experience the emotions of the trading crowd.

You could feel their fear.

You could sense their greed.

What they felt, you felt.

If that premise were true, then emotion would not be something you would fight, ignore, or minimize.

Nor would emotion be something you'd blindly follow.

For the empath, emotion would be information: valuable information. It would be an indicator no less than market price or volume.

How would it change your trading to view every trading emotion as information to be scrutinized? How would it change your experience of your trading?

Amazing what a difference a premise can make.

RELATED POSTS:

The Fallacy of Controlling Emotion

Somatic Markers and Trading Decisions
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