We are looking back on past losses or looking forward to hopes of gain.
We’re worried about our P/L, or we think the market might move without us.
Just as a jury member must put biases aside and stay grounded in each new testimony and piece of evidence, we must continually render our market verdicts based on assessments of ongoing data.
This is one reason I find meditation and biofeedback so helpful to trading. These help teach us to quiet our thoughts and remain in the present.
Trading discipline, in that sense, begins with a taming of mind.
Published on BrettSteenbarger.com