You cannot eliminate losing days, but there should never be days that leave you feeling like a looser -- Dr. Brett

The good Doctor never cease to amaze yours truly!

For those of you who have not had the privilege to read Chapter one of Dr. Steenbarger's new book, here is the link:

http://media.wiley.com/product_data/excerpt/66/04703985/0470398566.pdf

Each week I'm going to focus on a specific change goal. A goal that is challenging, meaningful, and doable. A goal that will generate feelings of mastery and success. A goal that will sustain my sense of competence and confidence.

This week I'm focusing on staying finely tuned to my emotional temperature (staying calm), and taking concrete steps to contain problems resulting from emotional overheating, thereby, keeping losses of discipline related to daily loss limits to a minimum. Losses of discipline, I've found, are directly correlated with a hot emotional temperature.

Goal: To remain calm

Action steps:
1)A regime of deep breathing before the trading day, as well as, during stop losses and/or once emotional overheating is first detected.
2) Daily work with the Coherence Coach program that uses biofeedback to monitor heart rate.
3) Stop losses are the main trigger that cause emotional interference, therefore, keen self-observation is critical once a stop loss is taken.
4) Upon any breach of loss limits, IMMEDIATELY walk away from the tradestation and take a 15 minute walk around the block. The intense, all-consuming desire to revenge trade will pass once emotional temperature reverts to normal. My statistics indicate that there only a 25% change of trading my account back to positive once emotional and loss limit levels are breached.