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Power of The Pause
Power of The Pause
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The common sequence I see from traders is below.
If you want an easy way to track your emotions, use the 'Emotional
Tracker' Which makes this process much easier and painless.
Once you have created self-awareness of the problem, you can then use
techniques to prevent, reframe and remove yourself before the sabotage
has a chance to take over.
It's now
It's now
I also want to just go over the very last step of the process and explain more clearly what is actually
happening as it may go unnoticed.
When you count down from 3,2,1. On the 1 you have to make it a rule to walk away straight away as soon as
you hit 1. This is because you are focusing on creating a reaction that must be made into a habit. You are
making a non-negotiable rule or contract with yourself that on the 1 you must remove yourself. This part of
the method is the most important.
In the back of your mind when counting down you must have this thought at the forefront of your mind that
on 1 you are done. If not then the previous steps are meaningless.
Conclusion
A simple but powerful method to stop you in the moment from making impulsive and emotional trading mistakes!