{"id":933361,"date":"2013-05-15T07:20:56","date_gmt":"2013-05-15T01:50:56","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=933361"},"modified":"2013-05-15T07:28:07","modified_gmt":"2013-05-15T01:58:07","slug":"dont-trade-when","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/05\/15\/dont-trade-when\/","title":{"rendered":"Don’t trade when…"},"content":{"rendered":"

… you are emotional.<\/p>\n

I read a couple of posts that resonated.<\/p>\n

Over at The Next Big Move, Joe Fahmy\u00a0narrates\u00a0a story of his friend who got into a big fight with his girlfriend. And wanting the world to collapse around him, shorted the market. He’s now about 15% underwater.<\/p>\n

 <\/p>\n

You can\u2019t do anything in life (especially trading) if your head is not clear. You can have the greatest strategy in the world, but if your mind is rattled and you\u2019re not mentally tough, you have NO SHOT of succeeding.<\/p><\/blockquote>\n

 <\/p>\n

And over at Off Road Finance, there’s a post on trading when distracted. Did you know that\u00a0people who consider themselves skilled multi-taskers perform worse on nearly everything, even when they\u2019re not currently multi-tasking?<\/p>\n

 <\/p>\n

Multitasking at any time hurts your performance all the time. \u00a0Whatever you\u2019re doing right now, do that until done (if at all possible) and do only that one thing. \u00a0Really try to do it well. \u00a0Do this even when the task isn\u2019t trading-related. \u00a0Don\u2019t think about trades while driving. \u00a0Don\u2019t check your Twitter feed while blogging… \u00a0Just do what you\u2019re doing and do it the best you can all the time. \u00a0Spend hours of time on problems that deserve it.<\/p><\/blockquote>\n

 <\/p>\n

So unless you can focus and leave emotions out, don’t trade.<\/p>\n

Sources:<\/p>\n

Don\u2019t Trade If Your Head Is Not Clear<\/a>
\nOh Look, A Shiny Object!<\/a><\/p>\n

Related articles<\/h6>\n