siding options inverness james hardie siding siding calculator northfield installing vinyl siding south barrington siding replacement .. Chicago Drug testing

Planning Your Dive and Diving Your Plan ? Trading!

A colleague of mine just returned from a scuba diving trip in Cozumel, which just happens to be one of my favorite places to dive. Anyway, she was telling me about an unexpected difficulty she encountered while swimming around the corral reef down about 85 feet. It wasn't anything serious but her story reminded me of something my scuba instructor used to say over and over again. "Plan your dive, and dive your plan".

When you're down about 90 or 100 feet the nitrogen acts on your body in a way that's not too dissimilar to having one dry martini on an empty stomach. It's called Nitrogen Narcosis, Rapture of the Depths, or Martini's Law. So the thing to do is get your planning done while you have a clear head, (i.e. on the surface). And then when you're deep into it, and you're feeling a bit euphoric, or nervous, you don't have to make any decisions about 'what' to do. You just follow your plan.

This holds true for trading as well. When you're feeling the euphoria or nervousness set in, remember to follow your plan. And, uhm yeah,, also have a plan to follow. Clear heads will prevail.

Years ago I had the good fortune of talking with a trading guru for several hours. This individual is world renowned for his trading saavy and skill. What he elaborated in that conversation had a tremendous impact on me. HE said that when he learned how to trade that his family enforced only one rule that he had to follow. KNOW WHERE YOU ARE GOING TO GET OUT BEFORE YOU GET IN. He felt that the problem that most traders had was that they felt that this simplicity did not apply to them. I remember sitting and speaking with him and thinking about my own mistakes, primarily letting hope take over in my decision making.

Many traders think that crying "UNCLE" on a trade and taking a loss is unacceptable. Since that conversation I have taken numerous losses on trades but it's funny how they don't have the STING that they used to because I PLAN MY DIVE and DIVED MY PLAN.

This is really simple and incredibly workable. Apply it to your own trading and investing.

-Downjonesfully,

Harald Anderson
http://www.eOptionsTrader.com

Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com.

In The News:

Hold Em and Fold Em

When most analysts, financial planners, fund specialists and investors try... Read More

The Great Stock Market Secret

When the stock market is going up and all your... Read More

Investment Lawyers and Trash Stocks

The trash business in its efforts to cook their books... Read More

KISS Formula

There are formulas for just about everything, but it has... Read More

Play another Day

Money management starts with protecting your capital, realizing profits and... Read More

Price Targets

Every day in any financial publication you will find the... Read More

Catnip of the Stock Market

I have watched my cat play with a bag of... Read More

Mr. Market

I constantly hear the talking heads on CNBC-TV, the radio... Read More

Market Timing

Every broker and financial planner will tell you that you... Read More

Trend Trading - Trading Stocks Using Technical Analysis and Swing Trading Strategies

Peter is a professional trader, Paul is not. Peter has... Read More

Different Types of Mutual Funds

This is a guide to the different types of mutual... Read More

How Much Information Do You Need?

You have decided to buy some stock or mutual funds,... Read More

Bollinger Bands Strategies

The Bollinger Band theory is designed to depict the volatility... Read More

Is The Bear In The Cage?

For the last few weeks we have seen the stock... Read More

Stock Market Diversification

In one of my previous articles (Investing in the stock... Read More

Frog In The Pot

You remember the story about the frog that was put... Read More

Mindset

In 1960 an engineer working for a watch company in... Read More

Whitewater Stock Market

Ever done any whitewater rafting or canoeing? Long periods of... Read More

Swing Trading Strategies

Using Swing Trading Strategies and Technical Analysis when Trading Stocks... Read More

Prosperity

It has fallen upon the consumer to make our economy... Read More

Will the Stock Market be Lower in October?

The stock market often closes a week in the middle... Read More

Political Investing

We have two candidates for president that have really different... Read More

Size Counts!

What the heck am I talking about?It is often said... Read More

No Load Mutual Funds: Boost Your Portfolios Returns

Investors who exclusively use broadly diversified, no load mutual funds... Read More

Ignore Stock Market Talking Heads

You should ignore analysts on TV, the radio, the newspaper... Read More

led par 38 bulbs street lights sodium Pete's produce ..
led par 38 bulbs street lights sodium Pete's produce ..