A former Navy seal wrote a book on survival. As a camping nut, I picked up that book to get some tips on surviving a bad cold weather camping trip. There were tips on strengthening your mindset bin everyday life as well. However, he offered up a tip that was worth it's weight in gold. I will share that next. ... How I turned a $100 day into a $300 day?
Combat breathing! I had been doing breath focus for years which helped me in my everyday life. Mindfulness was also particularly helpful in stressful situations. However, under the stress of the market. Under the extreme stress of sitting on a nice gain, not wanting to give it back, all the while your method doesn't yet give an exit signal, what is a trader to do? Stick to the system. Thanks for the obvious! But? How about a method to help you stick to the system when your limbic system is firing on all cylinders with real cash on the line. ... Reset. For an account that is hovering around $3k, a $300 gain in one day trade is pretty good. At least for me! ... Combat breathing is taking a four second in breath followed by a four second out breath. Inhale for four seconds. Exhale for four seconds. My anxiety went away, and I was able to trail my stop in the way that I am supposed to. ... Does this mean I will be successful at trading? Not necessarily. I am still at that critical stage where I have jumped from play money to real money. However, it does plug a big hole in the system. It gives me the ability to trade the system and find out in the real world if it works.