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Live Long and Prosper

For those of you struggling with the emotional aspect of trading Joe and Drew have said it best in a post on Friday; leave emotion out of your trades.  If you trade with your emotions you are setting yourself up to lose; scared money never wins in the stock market.  If you are scared you'll always sell at the worst possible time.  When I trade I never ever show emotion I don't pound my desk when I trade for a loss I don't shout and swear at my screen or the TV I don't blame others when a trade goes bad.  I don't jump for joy when I make 200% on a trade in 2 weeks or 50% in 2 days; I don't dance around the house when I make a big profit.  I simply push the sell button and immediately start looking for my next trade.  My wife can never tell whether I had a good or bad day in the market; I'm the same each day win or lose.  If you have ever seen the original Star trek series imagine Mr.  Spock trading stocks that is me folks.  There is absolutely no emotion from me when I am looking at my screen each day.  I concentrate so much on my screens; sometimes I won't even know if somebody else has entered the room.  This concentration and focus takes all the emotion out of trading for me.  It's strictly business and you can not have emotional ties.  It's like disciplining a subordinate on the job.  They may be a great person but when they cross the line you must take action and leave your emotions out of the situation.  For you it's nothing personal it's just business but the subordinate views it differently.

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