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standing the stresses of trading and how they may increase impulsive and compulsive behavior; obsessive thinking. |
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Knowledge management, including learning computer platform operations, software operations, learning through reading, discussion, conferences, and experience various trading techniques, patterns of the market, individual and mass psychology, business and economic concepts that increase understanding of the context of the market, market-speak, trader-speak, and any other information and knowledge related to the functioning of the market that may be useful to trading and investing. |
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Environmental management, including making trading space pleasing and functional enough to encourage and facilitate a positive approach to trading; manipulation of noise, clutter, other people, outside distractions to create optimal trading space for focused attention to the task at hand. |
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All the areas mentioned at the start of this chapter are examples of potential traps of the negative assertive mode. Trying to control areas that can't be controlled, where the effort to control will only result in frustration, anger, disappointment, and resentment. Not being able to ''go with the flow" of the market and to let the market's direction dictate trading rather than impose a plan on the market; not being cognizant and respectful of what the market is saying. |
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Trying too hard, overtrading, becoming addicted to trading, not being able to see the bigger picture through overassertion, demandingness. Trying to control family and friends when feeling irritated about losses. Reacting to feeling powerless and out of control by trying to overcontrol. |
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Accepting losses gracefully; accepting not getting an IPO allotment, not getting in at the start of a market run-up; not getting your price met; being able to derive strength and comfort from giving in either by choice or by default, knowing that you're not giving up; allowing others to have their way when it doesn't compromise your self- |
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