Visualizations and Metaphor

Not to over trade is one of the battles that I have to fight constantly. I always feel under pressure to generate some kind of income from trading which leads me to take trades that are not favorable.

 In fighting over trading, I have followed Dr. Brett’s advice and visualize myself as a sniper. Waiting for the right opportunity to show up in front of my sight. I picture myself going through charts and saying “No good R/R, pass” or “Wait until it trades above the 50 DMA again, pass.”

I wrote “BE A SNIPER!!” at the top of every page in my journal to remind me to do the visualization exercises every morning as part of my preparation routine. I will remove it when I achieve the goal of not to over trade.

I have been doing this every morning for about 2 weeks and it has helped me tremendously. Today I received a great article from the Online Trading Academy by Dr. Woody Johnson where he explains the reason why this metaphor works. Check it out here.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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