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Forecast your dive and diving your plan ? trading! - stocks-mutual-funds

 

A colleague of mine just returned from a scuba diving trip in Cozumel, which just happens to be one of my desired spaces to dive. Anyway, she was forceful me about an unexpected difficulty she encountered while swimming about the hold reef down about 85 feet. It wasn't something considerable but her story reminded me of something my scuba mentor used to say over and over again. "Plan your dive, and dive your plan".

When you're down about 90 or 100 feet the nitrogen acts on your body in a way that's not too dissimilar to having one dry martini on an empty stomach. It's called Nitrogen Narcosis, Rapture of the Depths, or Martini's Law. So the thing to do is get your development done while you have a clear head, (i. e. on the surface). And then when you're deep into it, and you're feeling a bit euphoric, or nervous, you don't have to make any decisions about 'what' to do. You just adhere to your plan.

This holds true for trading as well. When you're air the euphoria or jumpiness set in, bring to mind to abide by your plan. And, uhm yeah,, also have a plan to follow. Clear heads will prevail.

Years ago I had the good destiny of conversation with a trading guru for quite a few hours. This character is world established for his trading saavy and skill. What he elaborated in that conversation had a tremendous bearing on me. HE said that when he educated how to trade that his category enforced only one rule that he had to follow. KNOW WHERE YOU ARE GOING TO GET OUT BEFORE YOU GET IN. He felt that the conundrum that most traders had was that they felt that this simplicity did not apply to them. I commit to memory meeting and dialogue with him and thinking about my own mistakes, primarily leasing hope take over in my decision making.

Many traders think that crying "UNCLE" on a trade and captivating a loss is unacceptable. Since that discussion I have taken numerous losses on trades but it's funny how they don't have the STING that they used to for the reason that I PLAN MY DIVE and DIVED MY PLAN.

This is actually down-to-earth and incredibly workable. Apply it to your own trading and investing.

-Downjonesfully,

Harald Anderson
http://www. eOptionsTrader. com

Harald Anderson is the break down and Chief Analyst of eOptionsTrader. com a most important online supply of Options Trading Information. He writes evenly for pecuniary publications on Risk Management and Trading Strategies. His goal in life is to befall the kind of being that his dog previously thinks he is. http://www. eOptionsTrader. com.


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