Stocks Machine
How to Become a Stocks Machine Through Stocks Psychology
When it comes to stocks as a trader you will need to execute your stock trades like a stocks machine, without any emotions, or without being influenced by stocks price movement that the stocks price has moved up so much that you now need to open a buy stocks trade because the up move has really moved some pips.
So to trade like a stocks machine as a trader you need to transform your stocks psychology. To transform your stocks psychology then you will require to write down rules which you will follow in your stocks plan.
The example illustrated and explained below shows how to write the stocks psychology rules
- Trade without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
- I trade what my eyes see not what I feel.
- I will be patient.
My job is not to be the stocks system!
It isn't to decide which trades looks promising.
That is the job of my stocks system. My system has a set of rules which tells me this is what I follow. Do not get caught up in stocks price action making rules as you go along.
MY JOB DESCRIPTION IS
To sit patiently & wait for my system to indicate that it is time to enter or it's time to exit. And then with great focus I execute trade as planned.
Taking trades not indicated by the trading system, second guessing system & not taking trades given, hesitating and getting in late, anticipating & getting in early are all common place & boil down to lack of faith in system & not having a burning focus on accurate execution.
GOAL: To have 100% undivided focus on mastering my ability to execute my stocks system accurately.
More you develop the ability to step back from stocks price movement and watch stocks market dispassionately, waiting for a signal to trade, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your game.
By writing stocks psychology rules like the ones above then as a trader you will begin to follow your stocks system and trade more like a stocks machine would if the system you are stocks with was to be automated.
The more you follow these stocks psychology rules the easier it will become to trade the stocks market without being influenced by the various market movements.
Always make sure that you are opening a stocks trade because the rules of your stocks system have been met and a signal has been generated and not because you have seen the stocks market jump and so now you decide it is time to buy.
By following a stocks system then you will be able to trade more like a stocks machine and follow the rules of your stocks system & your trading will become more profitable.
Changing your stocks psychology will not be easy and that is why as a trader you must constantly make an effort to follow the stocks rules of stocks psychology that you write on your stocks plan until the time you master these rule and you can now trade the stocks market without emotions and trade like a stocks machine.
To learn more about stocks psychology read the following stocks psychology tutorial
- Stocks Psychology Guide
- Stocks Psychology & Emotions Fear and Greed
- Stocks Psychology Principles
- Learn Stocks Psychology
Stocks Psychology for Stocks Traders.
