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Commitment to trading

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You’ve heard it time and time again: long-term trading success requires a solid commitment. We’ve all witnessed the unfavourable effects of those who lack commitment in other professions as well as trading. When a person is not dedicated, they waver, put things off, give up easily, and never seem to accomplish their goals. Whether it’s finishing college, starting a business, or obtaining a big promotion, achieving key life goals demands a strong dedication. Trading, however, seems to be a little different because it might be challenging for many people to commit fully. There are several valid explanations for this. It is beneficial to become aware of them and accept them.

 

Trading is unique from many other professions in that the work one puts in is not always immediately and clearly rewarded. In the majority of occupations, there is little doubt that the amount of time you invest in honing a skill and putting it to use will pay off. For instance, a mason building a wall would know for sure that laying brick after brick, hour after hour, will result in the wall’s completion (The wall may look unattractive if the mason is poorly skilled, but the wall will get finished, nevertheless). The relationship between effort and result is a direct one-to-one one.

 

However, even putting in countless hours of work, traders may still fail when it comes to trading. Trading requires a certain level of competence before returns, or profits, are reliable. Whether one has the talent to learn the skills is immediately evident to teachers and gatekeepers, and one is stopped from even trying to master the career (this may be true of other occupations). One may never make a dollar trading unless they reach a high level of proficiency. The likelihood that one’s time and effort may not pay off right away or at all makes it challenging to foster a strong commitment to trading.

learning sharks stock market institute
source: USAToday

How can one handle this situation? There are many approaches. First, realise that developing the abilities necessary to become a successful trader may take some time. Don’t believe that you HAVE to become profitable right away. Second, remember that “practise makes perfect,” as the saying goes. Give yourself time to acquire the necessary abilities. It’s important to practise, enjoy the learning process, and wait patiently to develop the essential skills, just like with other activity that involves skill-building, like playing music or sports.

 

Put your objectives in perspective third. Before deciding to trade full-time to earn your entire income, you might need to first set modest goals, such as mastering “paper” trading or successfully trading tiny positions. If trading is your passion and you like it, the concept that you need to put in the time to hone these abilities shouldn’t deter you. You might succeed as a professional trader, or you might have to settle with being a skilled amateur.

Being consistently lucrative at trading is difficult to do, which prevents one from committing fully. Many seasoned traders caution newcomers against expecting to become successful immediately because it is difficult, unrealistic, and demoralising.

 

It’s best to proceed incrementally. Educate yourself, hone your talents, and then progressively expand your position. Trading is so challenging over the long run, even seasoned traders admit, that they just take it “one day at a time” or “one deal at a time.” It’s simpler to create commitment if you focus on achieving modest goals initially before aiming for bigger ones. You can increase your long-term commitment to trading by heeding this advice.

Cold, hard facts: look at the facts

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There are times when analysing the icy, hard facts is the only option for assessing your performance. The bottom line is that if you are not profitable throughout a variety of trades, you will ultimately go out of business. It’s critical to evaluate your performance realistically. But if you’re a trader like most others, your insatiable need to succeed takes control. You only perceive what you want to perceive, yet an outsider would notice that you are on the verge of collapsing into the abyss but are unaware of it. Contrary to popular belief, traders are more likely to suffer from it. It might be quite difficult to evaluate our performance honestly since facing the cold, harsh truths can hurt one’s ego.

 

Focusing solely on performance outcomes isn’t always beneficial from a psychological standpoint. For example, developing your trading abilities takes time if you are a beginner trader. You’ll become frustrated if you have unrealistic expectations for performance results and deadlines. However, if you lose a lot of money trading, you can accumulate so much debt that it would be difficult for you to recover your losses. Realistically examining the cold, hard realities is a requirement, not an option. Let’s take a look at a few well-known statistics that show how successful you are.

 

First off, what is your hit rate? How often do you receive payment? Does it fall within the 20%, 10%, or lower bracket? It’s crucial to take into account your past success and establish a rough estimate of the percentage of transactions you close that are profitable. It gives you a feeling of how you are performing even if it is not the only metric you should take into account. The disadvantage of only using this indicator is that you might unintentionally want to execute a few little profitable transactions in order to increase your hit rate.

learning sharks stock market institute

Finally, it’s crucial to consider your account’s size and commission fees. Commissions will reduce your overall revenues if your account is modest. Although account size does matter, many novice traders want to hold onto the hope of becoming rich despite having a small account, so they avoid giving account size and commission fees their full attention. Don’t make oneself vulnerable to failure. To make money, you must have money. It’s a good idea to consider your trading expenses and modify your objectives if necessary. If your account size is too modest for your goals, you might need to take on a second job in order to accumulate investing funds, for instance.

 

People tend to be eternally optimistic. Realistic thinking must be used to temper optimism. Don’t be hesitant to evaluate your trading results objectively. You can correct your route midstream so that, in the long run, you will be lucrative by regularly and honestly evaluating your performance.

Going with your gut

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Traders with experience don’t hesitate to follow their instincts. A savvy trader’s gut, developed through years of experience, is the unconscious integration of all pertinent market data, the bare minimum of knowledge needed to formulate a smart course of action. All inputs are run through the experienced trader’s mental working models, examined, and then reflected as a hunch, which is still a feeling but a good, all-encompassing sensation. Trading professionals learn how to cultivate and harness their gut feelings. But first, it’s important to understand what a gut instinct is and how it should be cultivated before a rookie trader tries to employ it.

learning sharks stock market institute

Following your instincts when trading is odd at first. A common misconception about trading is that rational conclusions are reached after methodically analysing market data. When one initially begins trading, it is crucial to have a thorough understanding of the decision-making processes. The indications, market circumstances, and assumptions that were used to make a judgement should all be clearly stated. A new trader is likely to make poor choices at initially. He or she is ignorant of the many market circumstances that could exist or of the effective and practical uses of market indicators. But what was once purposeful and conscious becomes routine and unconscious after years of practise.

 

Trading involves deliberate and meticulous behaviour at first, just like acquiring any ability; nevertheless, with practise and a variety of situations, one can operate more naturally. It’s comparable to how you learnt how to play a sport or drive a car. Initially, you deliberated over each step to ensure that you didn’t miss any crucial ones, but now, you can perform flawlessly and without any thought. The same holds true for trading. At first, you must carefully consider the value and significance of a range of indications, but with time and practise, you will be able to take decisive action.

 

Having said that, it is crucial to understand that a trader cannot make precise, intuitive decisions unless they have gained years of expertise. You don’t want to presume that you can make experienced decisions without actually having enough experience to rely on, just as you wouldn’t want to make rash, ill-informed judgements.

Practice using your intuition when making decisions is helpful. The novice can develop an expert level of trading knowledge and trading perceptions that can be used later to make rapid and accurate decisions by engaging in as many trades as possible and getting as much market experience as feasible.

 

And if you learn to make judgments based on intuition, you’ll find it easier to trade in the zone and go with the flow. You can take advantage of uncommon market movements and respond promptly to ever-changing market conditions. You’ll trade more effectively, and the better you are at trading, the more money you’ll make.

Guilt: protection or distraction

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Rohan simply gave up on his trading strategy and wound up placing a lost trade. Why did I do it again? he asks himself. Why am I unable to adhere to my plan? He feels bad. He is furious with himself for his error. A typical emotion in trading is guilt. There are numerous reasons why we could feel guilty. Guilt keeps us from making stupid mistakes over and over again, but is it always useful? Similar to other negative feelings, shame can get in the way of enjoyable, simple trade.

 

Guilt is a protective sensation. When we were young, our parents instilled moral ideals in us; these values were absorbed and kept in what Freud called the “superego.” When we break a rule, we feel fear and guilt out of instinct. Shame holds us accountable. It prevents us from breaking a moral rule that is significant to us. Some traders report that they feel awful after every trade. Given that their family considers trading as a form of gambling, they may have grown up thinking that gambling was wrong. If you were brought up with these values, you may be more prone to feeling guilty.

learning sharks stock market institute

Is feeling guilty when you break your trading plan helpful? Frequently, it is not. Yes, guilt keeps us from betting a lot of money on a dubious scheme. Risking too much on a single deal is not a wise idea. It makes sense to feel bad if you trade with money you can’t afford to lose. In that instance, your guilt is shielding you from possible financial ruin. However, feeling guilty after a trading mistake can not be helpful. In these circumstances, you might wish to make an effort to reduce guilt. You won’t trade quietly and logically if you can’t manage your emotions.

 

Being guilty isn’t always helpful while dealing. When you feel guilty, you obsess about how awful everything is. You also have a propensity to believe that you are a “bad” person who needs to be punished. However, when you are actively dealing, there is no time for reflection. It does nothing. Instead of dwelling on your mistakes and feeling bad about them, you must always endeavour to find solutions if you want to stay ahead of the pack. You need to come up with imaginative solutions to difficult challenges, yet guilt prevents you from freely looking for original, novel alternatives. In light of this, if you feel guilty, tell yourself: “So I erred. That does not imply that I am unworthy or prone to repeating the error.

 

Sometimes guilt can serve as a form of protection, but when we trade, we frequently feel bad about the losses that come with the territory. Learn to manage your unproductive guilt if you are experiencing it. Long-term trading profitability increases with your ability to trade calmly and freely.

Working through guilt and moving on

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Profits in the trading industry are not always guaranteed. Even the most experienced trader occasionally commits a serious error and pays the price. Both independent short-term traders and professional traders at large financial institutions, for instance, are capable of mounting significant losses. Don’t feel bad if you are going through a significant drawdown. You aren’t the first and you won’t be the last to do this. However, it can be challenging psychologically to suppress unease. Depending on how intense it is, you might also feel scared and on the verge of panic.

learning sharks stock market institute
source: The storyboard that

One of the most emotionally taxing situations to deal with is losing something. Your identity and means of support are at stake if you are a professional trader who is actively trading. When you trade part-time, it might be difficult to fund your account from your regular income while also wondering when you’ll be able to recover your losses. You may struggle to cope with feelings of loss, remorse, and dread depending on your personality and previous market experience. You won’t be able to resume your original course of action, though, unless you learn to regulate your emotions.

 

Some traders become extremely remorseful when they experience a significant downturn. When we violate a personal moral code, we feel bad. Almost anyone can feel bad after losing money. We wish to follow the guidelines that our parents and teachers instilled in us, many of them stressed the importance of working hard and saving money. Risking money is a requirement of short-term trading, and for many people, risking money seems to go against their upbringing. For instance, the initial response from many inexperienced traders when they tell their loved ones they’re going to start actively trading short-term is “You’re going to lose your money.”

 

They say it as if inexperienced traders are seriously screwing up. So, if you want to end up with enormous gains, you’ll have to put money at risk, and it’s likely that you’ll lose a lot of it before you learn the skills you need to trade well in a range of market circumstances.

 

Do you anticipate financial loss? Yes. Is it unethical morally? not from a trader’s point of view. It’s critical that you recognise and alter the underlying assumptions that underlie your guilt. But the first thing you must decide is whether your guilt is justified. We can be shielded by guilt. Having a lot of losses that are difficult to recover is not a smart idea. You will naturally feel bad if you trade funds that you just can’t afford to lose or will find it extremely difficult to repay. Making sure that your losses are fair and only a brief setback is crucial. Or, if the losses are due to a lack of skill, make sure you have a backup plan to quickly replace your losses.

 

Make sure you can readily replace your losses from another source of income, such a second employment, if the losses are the result of a lack of skills. If it truly indicates losses that may permanently jeopardise your financial security, it will be difficult to restrain guilt.

 

It’s helpful to consider any potential assumptions that may underpin your guilt if you find that you can truly afford to take trading losses but still feel sorry. One explanation is that you might have been taught that money is sacrosanct and that risking and losing it for any purpose is immoral. This is a common misconception, but if you want to actively trade, you need to alter your perspective on money. A serious trader views money as nothing more than a tool for making more money. It is merely one of the tools you need to properly trade. Consider it more like “points” that you use to keep score of how well you are performing rather than “money.”

 

The drive to be perfect is a second underlying premise that causes guilt. You can feel guilty because you think you should avoid making mistakes in trading or suffering losses. If you do, you might think that you are a “bad” person or insufficient. It’s critical to refrain from becoming upset when you lose.

Losses are a common occurrence in trading. Losses may build if you are a beginning trader, but that doesn’t make you a “bad” person.

 

 

You may be an inexperienced trader if you haven’t yet acquired the necessary trading skills, but you aren’t a horrible person or insufficient. Additionally, if you are an experienced trader experiencing a large drop, you might feel bad about something that wasn’t your fault.

 

It’s possible that what you’re going through is only a brief shift in the market. Although you might need to adjust your strategy, this does not imply that you are unqualified. Simply put, it suggests you need to look into other possibilities. Guilt is not helpful. You dwell on how awful things are when you feel guilty. However, when you are actively dealing, there is no time for reflection. It does nothing. You need to aggressively address the issue if you want to stay ahead of the pack. Guilt prevents you from freely looking for original, novel trade solutions, which you need to do.

 

Sometimes guilt can serve as a form of protection, but when we trade, we frequently feel bad about the losses that come with the territory. It’s critical that you understand how to manage unproductive guilt if you experience it. The more quietly and freely you can trade, the more money you’ll make.

Conquering guilt and moving forward

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Profits in the trading industry are not always guaranteed. Even the most experienced trader occasionally commits a serious error and pays the price. Both independent short-term traders and professional traders at large financial institutions, for instance, are capable of mounting significant losses. Don’t feel bad if you are going through a significant drawdown. You aren’t the first and you won’t be the last to do this. However, it can be challenging psychologically to suppress unease. Depending on how intense it is, you might also feel scared and on the verge of panic.

learning sharks stock market institute
source: The storyboard that

One of the most emotionally taxing situations to deal with is losing something. Your identity and means of support are at stake if you are a professional trader who is actively trading. When you trade part-time, it might be difficult to fund your account from your regular income while also wondering when you’ll be able to recover your losses. You may struggle to cope with feelings of loss, remorse, and dread depending on your personality and previous market experience. You won’t be able to resume your original course of action, though, unless you learn to regulate your emotions.

 

Some traders become extremely remorseful when they experience a significant downturn. When we violate a personal moral code, we feel bad. Almost anyone can feel bad after losing money. We wish to follow the guidelines that our parents and teachers instilled in us, many of them stressed the importance of working hard and saving money. Risking money is a requirement of short-term trading, and for many people, risking money seems to go against their upbringing. For instance, the initial response from many inexperienced traders when they tell their loved ones they’re going to start actively trading short-term is “You’re going to lose your money.”

 

They say it as if inexperienced traders are seriously screwing up. So, if you want to end up with enormous gains, you’ll have to put money at risk, and it’s likely that you’ll lose a lot of it before you learn the skills you need to trade well in a range of market circumstances.

 

Do you anticipate financial loss? Yes. Is it unethical morally? not from a trader’s point of view. It’s critical that you recognise and alter the underlying assumptions that underlie your guilt. But the first thing you must decide is whether your guilt is justified. We can be shielded by guilt. Having a lot of losses that are difficult to recover is not a smart idea. You will naturally feel bad if you trade funds that you just can’t afford to lose or will find it extremely difficult to repay. Making sure that your losses are fair and only a brief setback is crucial. Or, if the losses are due to a lack of skill, make sure you have a backup plan to quickly replace your losses.

 

Make sure you can readily replace your losses from another source of income, such a second employment, if the losses are the result of a lack of skills. If it truly indicates losses that may permanently jeopardise your financial security, it will be difficult to restrain guilt.

 

It’s helpful to consider any potential assumptions that may underpin your guilt if you find that you can truly afford to take trading losses but still feel sorry. One explanation is that you might have been taught that money is sacrosanct and that risking and losing it for any purpose is immoral. This is a common misconception, but if you want to actively trade, you need to alter your perspective on money. A serious trader views money as nothing more than a tool for making more money. It is merely one of the tools you need to properly trade. Consider it more like “points” that you use to keep score of how well you are performing rather than “money.”

 

The drive to be perfect is a second underlying premise that causes guilt. You can feel guilty because you think you should avoid making mistakes in trading or suffering losses. If you do, you might think that you are a “bad” person or insufficient. It’s critical to refrain from becoming upset when you lose.

Losses are a common occurrence in trading. Losses may build if you are a beginning trader, but that doesn’t make you a “bad” person.

 

 

You may be an inexperienced trader if you haven’t yet acquired the necessary trading skills, but you aren’t a horrible person or insufficient. Additionally, if you are an experienced trader experiencing a large drop, you might feel bad about something that wasn’t your fault.

 

It’s possible that what you’re going through is only a brief shift in the market. Although you might need to adjust your strategy, this does not imply that you are unqualified. Simply put, it suggests you need to look into other possibilities. Guilt is not helpful. You dwell on how awful things are when you feel guilty. However, when you are actively dealing, there is no time for reflection. It does nothing. You need to aggressively address the issue if you want to stay ahead of the pack. Guilt prevents you from freely looking for original, novel trade solutions, which you need to do.

 

Sometimes guilt can serve as a form of protection, but when we trade, we frequently feel bad about the losses that come with the territory. It’s critical that you understand how to manage unproductive guilt if you experience it. The more quietly and freely you can trade, the more money you’ll make.

A guidebook for work productivity

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A demanding career is trading. You will have a difficult time achieving consistent profits if you are a newbie trader. Although many people are drawn to trading, very few end up being successful traders. To pursue trading, one must be a certain type of person—someone who can overcome obstacles and keep going even when all appears lost. To persevere in the face of difficulty, beginning traders might employ the following three major strategies: Develop a spirit of resistance, devise a substitute system of rewards, and concentrate on the journey rather than the goal.

learning sharks stock market institute
source: Theprogessindex

Traders frequently balance sentiments of inadequacy and incompetence against haughty, irrational overconfidence. When you operate in the field of trading, it is reasonable to think that you will experience far more losses than profits. It’s challenging to work in these circumstances. We are accustomed to receiving payment for a job well done, while new traders are more likely to put in lengthy hours for nothing but losses. Trading needs perseverance, particularly when faced with setbacks and what seems like never-ending failures. When faced with such situations, the confidence of the majority of individuals is badly rattled, and they frequently respond with arrogant overconfidence. They exaggerate their accomplishments to the point of becoming overly enthusiastic.

 

Profits are a clear and natural reward for our trading efforts, but they are not necessarily correlated with our level of effort. Your mood is probably going to fluctuate along with your account balance if you only think about the profits. Setting up a different reward schedule can provide you more regular incentives and enable you to keep going even when you’re on a losing streak. After putting in a certain amount of time, treat yourself (the end of each day, for example). Buy a great meal for yourself or engage in a fun activity. You’ll continually feel content with your career and stay with it if you give yourself a pat on the back for your efforts.

 

Finally, it is crucial to put the process before the outcome. Although the goal of trading is to make money, the irony is that if you only think about the results of your trades, you’ll put too much pressure on yourself and become overwhelmed. You’ll be more at ease and inventive while trading if you put more emphasis on intrinsic incentives as opposed to extrinsic ones. You may trade regularly and profitably by rewarding yourself for effort rather than results, focusing on the act of trading rather than earnings, and developing a fighting spirit.

Grounded and objective

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The value of tech stocks fell on Thursday. Mark just lost 5000 rupees on his ITC stake. Even though it is Friday morning, he still feels bad. He is unable to forget his losses. Though he has been making an effort, his heart isn’t in it as he scans over a number of charts. He had observed a few potential setups, but he hesitated when it came time to place a transaction. He is only able to focus on the losses he sustained yesterday. As he considers the money he might lose today if he isn’t careful, he experiences fear. But you can’t let failures deter you from trading the markets. You must trade with composure, objectivity, and conviction.

 

When you have significantly lost money, it is tough to remain impartial. After a defeat, it’s natural for people to feel disappointed. But you can’t let it worry you if you want to trade profitably. You have to sincerely believe that it is irrelevant in some way. There are several ways to trade more objectively. Trading with money you can afford to lose will make losing less painful. To reduce the amount of money you will lose, you can also do smaller deals with restrictive stops.

learning sharks stock market institute
Source: USAtoday

However, you finally need to figure out a way to depersonalise the entire trading process. When it’s just business, you can operate more freely, creatively, and decisively. Establishing your identity firmly in a different reality is the best way to keep your independence and impartiality. You shouldn’t regard trading as your primary means of support. Really, it’s simply a job. Making it your reason for being will risk your reputation and your money, and the added psychological pressure can lead you to cave. But if you stake your identity in something else, you’ll be able to handle trading setbacks.

 

Trading should ultimately just be business. Don’t let it determine who you are. Your family, your friends, or the leisure activities you value most should serve as the foundation for your identity. The events that take place during the trading day won’t have much of an effect on your identity if you have a strong foundation outside of the trading world. You’ll be more at ease and capable of handling pressure and setbacks. Why should you consider it important? Losses, setbacks, and market volatility won’t bother you if you ground your identity in other things. You’ll have more freedom to engage in market trading with an innovative mindset that will finally lead to long-term financial success.

Dont be a Grinch

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Dr. Seuss’s tale “How the Grinch Stole Christmas” is a metaphor for contemporary life. The Grinch snuck into town and attempted to spoil everyone’s Christmas by taking gifts and other materialistic Christmas symbols, but he was unable to take away the holiday spirit from peoples’ hearts. The residents of the town felt a sense of community and appreciated what they had. The tale ought to serve as a reminder of the necessity of pursuing psychological equilibrium in the midst of our frantic life. It is imperative that you make an effort to establish a personal connection with them. Although trading is significant, it is not the main factor. One of the numerous things you do is this.

learning sharks stock market institute
source: newsnation

A demanding career is trading. It calls for perseverance in the face of setback after setback and intense concentration on maintaining your level of performance. But a relentless pursuit of success typically ends in failure over time. Traders who keep their focus on peak performance succeed over the long term. Additionally, achieving psychological equilibrium is necessary for developing a peak performance mindset: Rather than concentrating entirely on trading, make sure that your life has several facets. Make sure you enjoy yourself in activities other than trading. Enjoy life to the fullest and spend time in satisfying relationships. Don’t be all business and relentlessly focused on making money.

 

Don’t forget to appreciate the benefits of being a trader, several seasoned traders caution. Trading grants you the freedom to spend time with your loved ones, family, and friends. Trading gives people the means to live happily. Therefore, whether or not you had a successful year, treat yourself by taking a well-earned vacation. Your desire to improve your life is one of the reasons you trade. It’s critical to keep that in mind. It’s crucial to appreciate all that life has to offer. It will chew at you if you are not living life to the utmost. You’ll ask yourself, “Why am I spending my life trading?” in the back of your head. Remember your trading goals during this time.

 

Maintain a healthy balance between your trading career and the pursuits that give your life a greater purpose. You’ll be able to develop the peak performance attitude, which is a crucial component of continuously lucrative trading, if you make sure to lead a balanced life.

A good mood

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Have you ever put on a trade while under tremendous strain and discovered that you were unable to function normally? Your trading strategy came into doubt, and suddenly, you paused when you should have taken immediate action throughout the trade. It could be difficult to recover when you’re in this state. It is greatly influenced by one’s mood. You’ll feel paralysed and stuck when you’re unhappy. Determination is influenced by your mood. You’ll trade more sincerely if you’re feeling better.

 

The psychologists Benie MacDonald and Graham Davey shown in a ground-breaking experiment that striving for excessive perfection is a function of two factors: a negative mood and the conviction that mistakes have serious repercussions. Students in college were given a task that required them to find 100 spelling and punctuation problems. A participant was placed into one of four experimental groups at random. Some participants were warned that making a mistake on the task would result in a mild form of punishment, while making a mistake had no repercussions for other individuals. While some participants completed the activity in a positive mood, others completed it in a negative mood that the researchers artificially produced.

 

Participants who were unhappy or worried that they would be punished for making a mistake had a tendency to check and verify their work excessively. In other words, they made an effort to attain an impossible standard of perfection. Why did this particular group of individuals strive so desperately for unattainable perfection? These participants, according to MacDonald and Davey, let their feelings control how they acted. They reasoned, “I’ll keep looking for errors until I’m pleased.” This isn’t a very effective tactic, though, when you’re feeling down. If you check and recheck your work until you are satisfied, you will check and recheck longer than is necessary because a negative mood doesn’t leave you very quickly.

 

This experiment explains why, while feeling down, people gravitate toward high perfectionism. If you are prone to self-doubt, being unhappy will make it harder for you to feel confident. You’ll doubt the viability of your trading strategy and whether the market conditions are ideal as you try to put it into action. You’ll never be content and feel as though something is off. One of two things must be done at this moment. Either avoid trading while you’re feeling down, or don’t let your feelings control what you do.

 

Remind yourself that you will be more likely to second-guess your choices and act irrationally or impulsively when you’re feeling down. It is feasible to get around the psychological processes that affect your decision-making if you are aware of them. You can try to ignore your mood and firmly and logically try to implement your trading strategy with discipline if you believe, “I’m in a terrible mood, so as a result, I’m irrationally questioning my trading plan or my talents.” Whatever course of action you choose, keep in mind how strongly your mood affects your ideas and choices.