Notes on Trading Psychology

Some notes on the psychology of trading that I took from Steve Miller:

Don’t trade based on how one feels about oneself.

Don’t abandon the intellectual process.

The place of self-doubt is an emotionally flooded place.

“What’s wrong with me?” is not a helpful question to ask. The question is always: “What’s going on in the market?”

If one’s emotional status is cool, problems more naturally find solutions.

Watch for red flags. A major one is this: One does not recognize one’s own trades.

Stay in your plan and in touch with yourself.

How is one’s body reacting? It will provide tells about one’s consciousness.

Don’t over trade into complexity.

Don’t try to correct how you feel by becoming successful.

Image

Thelonious, my old friend…

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