Please review this post on a powerful technique for overcoming tilt trading. The key to the success of this method is to train yourself to enter a state of mind and body that is incompatible with tilt. This can be accomplished with breathing exercises, meditation, and biofeedback work. It takes practice, but quickly pays off: Once we can enter a calm, relaxed, focused state at will, then we can recognize in real time when we're starting to become emotional and quickly place ourselves in our focused zone. The goal is not to eliminate emotion from trading, but to recognize it in real time and become able to shift gears when we need to.
As I noted in my talk with traders at SMB, it is the awareness of danger--the view that tilt is the enemy, not losing money on a particular trade--that allows surgeons and elite military troops to tackle dangerous missions and remove emotion from their work. The key to eliminating tilt from our trading is to mentally rehearse situations of loss and frustration while we engage in exercises that keep us focused and slowed down. As long as we're slowed down physically, we can't be worked up emotionally. These exercises can be part of our daily preparation, where we reinforce the idea that losses in trading are normal and are not threats. The real enemy is tilt and the loss of emotional control. When we enter trading totally aware of the dangers of tilt with techniques that help us stay calm and focused, we're like the surgeon or soldier operating in a risky environment.
A prepared mind never enters tilt.
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