Trading Rule # 11 & 12

Trading Rule # 11:  Control Against Minute-by-Minute Movements and Take the Market Seriously

Watching the ticker can be fun. It can even be mesmerizing. Many people, though, enter a trade and then anxiously watch the tape with their eyes glued to the screen, almost as if their whole life is depended on this one trade. Or, they go channel surfing, moving from one business TV channel to the next, their mind obsessed with the outcome of that one particular trade.

This kind of behaviour does no one any good. Rather, what it does is raise your blood pressure and add to your stress levels. Do your blood pressure a favour, enter the trade if all of your trading rules are met, put a stop loss, and go take a nap, or go to a movie, or play with your kid, or help your wife with the cooking.
It’s not that hard to make money either in a roaring bull market or a raging bear market. Don’t take yourself to be a genius when everything is going great for you. Equally, don’t think of yourself to be dumb when nothing is going right. The market whips us all now and then. The whipping usually comes just when we think we have got it all figured out.

If we see an analogy with the possible moves in chess. Just after the first move, there are 400 moves open for both players. Each player can move any of his 8 pawns 1 or 2 squares and the knights each have two squares they can go on to- and, hence 20 x 20 possibilities. After two moves apiece, there are 72,084 possible moves available, after 3 moves apiece, there are 9+ million moves possible, and after the four moves apiece, there are 318,979,564,000, or about 319 billion possibilities.

Well those are the numbers of possibilities in a game of chess which is played between only 2 players. In contrast, the trading game has hundreds of thousands of players and, therefore, practically infinite number of possible moves available!

So, you must learn to put yourself in control when dealing with the market. Remember, the market, and only the market, is always right, and it’s we who could be wrong.

Trading Rule # 12:  Always stick to your Rules

If you follow the rules you have made, then you have a better chance of succeeding. This applies to any aspect of life. Keep things simple and follow the rules. Ignore the rules and you will have no money.
The definition of successful trader is one who has his or her trading plan written down, who also applies risk and money management rules, and the one who then lives by those rules.

One final take on rules: take some time off to work out a set of trading rules that you believe work for you. Take a printout of the rules in large font and paste one copy on the top of your trading terminal and another in an even larger type font at a prominent spot in your trading room.
The above idea mind sound as a reminder. However, this is another rule which governs the law of attraction. If you will read my other blog www.deep-mindcontrol.blogspot.com then you will clearly understand how important this rule can be for you.

You see by following this rule you are giving auto suggestions to yourself about what you want to attract in to your life. Everything that comes to you start with an image in your mind and then it’s transformed in to any physical form.
This is my personal experience of applying Laws of Attraction in to my trading.