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Joe, first off let me commend you - 50+ years trading!! That is phenomenal, no doubt you have a lot to teach us. As per your topic, I too suffer from stress (but it is self-induced). I have a nasty trading bias for the long side of everything, 'perma bull' in other words. Do you have any ideas on how I might overcome this ridiculous bias of mine? |
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GSX and Aiki both have good points and GSX has a very valid point when he says turn your screen upside down. From a real incident with one of my students I can tell you that capturing the chart and turning it upside down is one way to solve your problem. Of course you will also need to turn it mirror image so that the prices are where you expect to see them.
One other student who had that problem solved it by listening repeatedly to the CD "Trading Mind." It is available from many websites including our own.
Repeated affirmations of the kind included on the CD work extremely well for some people. But you must do them hundreds of times.
There will always be some stress as noted by Aiki, but you can learn to subjugate that stress and make it work for you rather than against you. If you believe in yourself and in your trading plan, eventually the stress will work in your favor.
Interestingly, the majority of traders prefer to be short. With the exception of currencies, prices move down much faster than they move up.
Cheers.