Today I want share some thoughts on confidence when trading.
If you are trading with a serious background you will have noticed that it is difficult to trade when you are ill or trade when you are not feeling good. If you had a losing streak your confidence might be lower.
The good trader has the knowledge and the tools to raise his confidence and is mood. There is a NLP technique called “Anchoring”. Almost everyone used in the past without knowing about it.
“Anchoring is the process by which a particular state or response is associated (anchored) with a unique anchor. An anchor is most often a gesture, voice tone or touch but could be any unique visual, auditory, kinaesthetic, olfactory or gustatory stimulus.”
A good way for me to push me in the right state is listening to music. So I will list some songs which help me to feeling good, not only for trading:
- Europe – The Final Countdown
- Survivor - Eye Of The Tiger
- Celine Dion - It's All Coming Back To Me Now
- Tina Turner - Simply The Best
- Bon Jovi - It's My Life
- Queen – We Are The Champions
- Kill Bill Theme
- Bonnie Tyler - I Need a Hero
- Snap - The Power
If you have some songs you like to push yourself in the right state feel free to leave a comment.
I think motivation and having the right state for trading is underestimated. If you are feeling confident you will make better decisions.
Try it out!
P.S. While writing this blog entry I listened to all the songs and now I am feeling GREAT! Hahaha :)