sarwesh

Your feelings have an immediate impact on your account equity. You may
have a brilliant trading system, but if you feel frightened, arrogant, or upset,
your account is sure to suffer. When you recognize that a gambler's high or
fear is clouding your mind, stop trading. Your success or failure as a trader
depends on controlling your emotions.
When you trade, you compete against the sharpest minds in the world.
The field on which you compete has been slanted to ensure your failure. If
you allow your emotions to interfere with your trading, the battle is over.
You are responsible for every trade that you make. A trade begins when
you decide to enter the market and grids only when you decide to take yourself
out. Having a good trading system is not enough. Most traders with good
systems wash out of the markets because psychologically they are not prepared
to win.


One Day at a Time
You have probably seen bumper stickers on cars that say "One day at a time"
or "Easy does it." Those are AA slogans, and people who drive those cars
are probably recovering alcoholics.
Planning for life without alcohol can seem overwhelming. That's why AA
encourages its members to live sober one day at a time.
The goal of every AA member is to stay sober today and go to bed sober
tonight. ~ r a d u a l ld~a,y s become weeks, then months, then years. AA meetings
and other activities help each recovering ii!coholic stay sober, one day at
a time.
Recovering alcoholics receive - and give others - invaluable support and
fellowship at these meetings. They are held at all hours, all over the world.
Traders have much to learn from those meetings.
An AA Meeting
One of the best things that a trader can do is go to an AA meeting. I especially
recommend it to a trader on a losing streak. Call Alcoholics
Anonymous and ask about the next "open meeting" or "beginners' meeting"
in your area.
A meeting lasts about an hour. You can sit in the back of the room and listen
carefully. There is no pressure to speak, and nobody asks for your last
name.
Each meeting begins with a long-term member getting up and speaking
about his or her personal struggle for recovery from alcoholism. Several
other members share their experiences. There is a collection to cover
expenses-most people give a dollar. All you have to do is listen carefully,