[09:14] <brandon> One of the things I spend a lot of time talking about is Risk managment, money managment and trade managment. [09:14] <brandon> All of this is geared towards protecting capital which is replaceable [09:14] <brandon> nice stuff this morning guys [09:14] <brandon> good work [09:15] <brandon> One thing I dont talk about much though, which is as least as important, is protecting your health and mental focus. [09:15] <brandon> If you are in poor health, or a generally poor disposition it is almost impossible to trade, no matter how good your business and trading plan might be. [09:16] <brandon> Im not going to spend time telling you to not smoke, dont drink too much and exersise because unless you live under a rock you know this stuff. [09:16] <brandon> Just in case you do live under a rock, now you know. [09:17] <brandon> But I want to talk about how you can modify your focus and moods [09:17] <brandon> and maintain a high energy level. [09:17] <brandon> If you lack energy or feel bad about yourself, its going to be almost impossible to trade. [09:17] <brandon> You will probably have a hard time with the rest of your life as well. [09:17] <brandon> Try this. [09:17] <brandon> just for fun [09:18] <brandon> Round your shoulders, slouch, look down and frown. [09:18] <brandon> Now start to think about how awful the world is. [09:19] <brandon> People are starving you know, maybe you hate President Bush, the enviornment is going to hell, some jerk neighbor, maybe your childhood was tramatic. [09:19] <brandon> Whatever it takes to get you going, think about that. [09:19] <brandon> Take very shallow breaths [09:19] <brandon> breathing threw your chest [09:19] <brandon> Now extend this to the market [09:19] <brandon> Its summertime, Im never going to get this. [09:20] <brandon> Brandon sucks and doesnt care about us and the jerk is never here. [09:20] <brandon> The markets are impossible. [09:20] <brandon> Its rigged [09:20] <brandon> a damn conspirecy between the market makers, specialists and floor traders. [09:20] <brandon> They just want to keep the little guy down. [09:21] <brandon> Now while you are doing this really focus on your sloppy posture and breathing. Be sure to frown. [09:21] <brandon> Now, go out and remember your worst trade. [09:21] <brandon> The biggest losing day you had [09:21] <brandon> keep thinking about this and how terrible it was. [09:21] <brandon> Keep doing this until you feel it. [09:21] <brandon> How do you feel? How profitable do you think you could be trading in this state? [09:22] <brandon> probably would not do too well? [09:22] <brandon> LOL there ya go [09:22] <brandon> Now try this. [09:22] <brandon> Sit up straight, shoulders back, head square over your shoulders. [09:22] <brandon> Good posture. [09:22] <brandon> Look up and smile.e [09:23] <brandon> Breath deeply and from your belly. [09:23] <brandon> Good Oxygen flow. [09:23] <brandon> Think of how fortunate you are to have people in your life who you care about and who care about you in return. [09:24] <brandon> Remind yourself how fortunate you are to live in freedom and have the opportunity to pursue your dreams. [09:24] <brandon> Think of a warm summer day on the beach. [09:24] <brandon> Think of the times you have had an obstical and got a plan together and overcame it. [09:24] <brandon> Continue this and then now extend it out into the market. [09:25] <brandon> Be thankful that you are free to pursue making a living in the market. [09:25] <brandon> Remind yourself of the countless opportunities that present themselves to you each week to make money. [09:25] <brandon> See them in your mind. [09:25] <brandon> Watch yourself taking them. [09:26] <brandon> Tell yourself that you have a valid plan which you will follow, that you have mentors who care if you succeed or not and by following your plan you are going to make it. [09:26] <brandon> Now, think of your last great trade. [09:26] <brandon> One that you did everything right on and where rewarded for your efforts. [09:27] <brandon> Actually go back and see it, feel it again. [09:27] <brandon> Keep going over it again and again. [09:27] <brandon> How do you feel now? [09:27] <brandon> How profitable can you be in this state? [09:27] <brandon> can you see the difference between this and the first one? [09:28] <brandon> you can do this in life in general too [09:28] <brandon> not just the market [09:28] <brandon> you have 100% control over how you feel at any time [09:28] <brandon> no one can make you feel a damn thing you dont want to feel [09:28] <brandon> you have the control. Exersise it. [09:29] <brandon> your trading will improve [09:29] <brandon> but even more important then that, your LIFE will improve.
Stock list for tomorrow. Shorts. LEH CFC CI C NVLS FE ICST Brandon PS, if anyone is going to be at the Expo in Chicago, I will be getting in late tomorrow and then will be there all day Sat. Brandon