"Start your Trading day with a fresh and empty mind."
Ever faced stress and strong emotions after having loss day and under-performance for a long time after that?
Thread on Emotion and how to control them with help of trading journal
Poker players calls it TILT.
Tilt is pretty much any reason for you to trade sub-optimally.
Greed and fear are tilts in trading.
When normally you have a stressful day (not in trading) and you go to bed with a bad mood, the next day you wake up fine without much stress .
So where did the emotion go?
The brain absorbs and digests all the emotions.
But, when you have a big emotional and loss day , and then a sleepless night, the brain cant digest those emotions as easily.
The next day you wake up to trade , you don’t feel quite right, you feel fear.
So, now you are not starting with an empty cup.
Now your tilt threshold level ( the level where your decision making ability reduces and you take bad decisions ) decreases.
Now, you will be angry a little faster then normally and feel fear more then you do.
So,how to empty your mind after having a bad or even a good day?
By using a Trading journal.