





There is certainly no shortage of articles pertaining to e-mini trading and emotions. While many of these articles are quite helpful, there are a slew of articles that are unhelpful nonsense. Typically these marginal articles suggest that you must rid your mind of emotions and trade in a "psychologically blank" state of mind.
I don't know about you, but trading creates a new wide range of emotions for me to consider. I am absolutely helpless in controlling my subconscious psychological reactions to mistakes that I have made or trades that simply do not work as planned. I have yet to meet a trader who is a without emotional response. For that matter, I've yet to meet an individual who is devoid of emotion.
It is my contention that we all experience similar emotions in response to both successful and unsuccessful trades. The key to trading in a healthy of emotional state lies in how we deal with our emotions. I firmly believe that it is impossible to attain a truly emotionless state. A losing trade creates of frustration or disappointment and the there is little we can do to not feel these emotions. Conversely, a highly successful trade creates a feeling of happiness, contentment, and a sense of accomplishment. In short, we are not robots.
That being said, I think that learning to manage our emotions is the key to trading with the proper psychological/emotional outlook. I have met few traders who, after a losing trade, go on a tirade of cursing and complaining (usually in a relatively high decibel range) that can maintain a proper emotional state of mind. For most people, I believe keeping our emotions in check is the best possible solution we can attain. On the other hand, the e-mini trader who goes into a euphoric celebratory rant is usually setting himself/herself up for all the problems associated with overly emotional trading. For a trader that has just experienced a disappointing losing trade, he or she may:
• He or she may be tempted to take a "revenge trade." No one likes to see those red numbers on their P and L total, and it is tempting to rush into a trade to get back to breakeven or better as soon as possible.
• For a trader who has just lost a trade, there is a temptation to trade a higher number of contracts than normal, usually exceeding the risk parameters he or she has set up and their trading plan.
• Up for a trader who has just lost a trade, there is a temptation to initiate a trade of all lower probability that he or she normally initiate
On the flip side of the coin, a trader who has just hit a great trade may:
• A trader who has won several trades in succession may experience a sense of euphoria, which can lead to the mistaken thinking pattern of believing any trade the trader takes his going to be a winner.
• Just like the losing trader, a trader on a hot streak may trade more contracts than his or her trading plan allows. After all, if you are hot... Why not maximize your earnings?
• Also the similar to the losing trader, a trader on a winning streak may initiate trades of lower probability, thinking he or she will win regardless of the probability of that trade succeeding
As you can see, the trading result of the emotionally charged trader is the similar whether the trader is winning or losing and illustrates my point is that we all feel and experience similar emotions; it's how we handle those emotions that differentiates between and he emotion driven trade and a well thought out trade set up. Invariably, the well-thought-out set up will produce superior results in the long haul. While we cannot control how we react, at the emotional level, to the consequences of a trade; we need to be in complete control (and critically aware) of how our emotions may affect trading decisions. We cannot rely on emotion driven thinking to make e-mini trading decisions; we must stick to our e-mini trading plan and make proper trading decisions regardless of how happy or unhappy we are with the previous trade. This skill evolves as a trader gains experience and trading acumen.
Article Source: http://EzineArticles.com/7424412
How to Recognize Accredited Online College Courses
Going back to school has become easier with online college courses, and online colleges and universities, and it is growing in popularity. There are so many different benefits to going back to school to get your degree online, and so many ways that it can help change your life. Accredited online college courses are the tools that you need to get a better job, make more money, and have a better future, and all on your time. You don't have to completely change your life to take these courses either, you just need to know where to go to find them.
There are many different schools out there offering online degree programs, and it is important to make sure that they school accredited, before you enroll. To determine if the school is accredited, you will want to either look on the schools web page, or talk with someone from the school. You will also want check the national registry or registries, and they will have them listed if they are accredited. If a school isn't offering accredited online college courses, you will not want to enroll with them, and you are going to want to move on and look towards other options for many different reasons.
When completing the accredited online college courses and receiving your degree, certificate, or diploma, whatever the case may be, it will need to be accredited in order for employers and other schools to recognize it. Certain employers will not hire you if your degree was not from an accredited university, and other schools may not allow you to transfer, or go on to higher education programs as well. As mentioned earlier, you will be able to recognize accredited courses by checking the national registry, speaking with the school directly, and also by looking on their informational web pages.
Getting your degree online has so many benefits when it is compared to attending a traditional university. You can study at home whenever it best suits your own personal schedule, and you can continue to work your regular job. You don't have to get into your vehicle every day and drive back and forth to campus, and you don't even have to have a car. You can still live your normal life, and get your education when it works best for you. Online degrees are not only convenient, but they can also save someone a lot of money, a lot of different ways.
Online colleges are cheaper than traditional schools because there isn't as much over head, and there aren't any grounds, buildings, or maintenance fees. As a student you don't have to pay for a parking permit, recreational passes, gas to go back and forth to school, or other on campus expenses. If you are a parent, you don't have to try to find or pay for child care, and you don't have to cut back on hours at work as well. Also, you can cut down the amount of time you spend earning your degree or certificate, depending on which school you decide to enroll at.
Many schools offer accelerated learning programs, where you are able to get your degree faster than you would traditionally. There are certificate programs, degree programs, and even post graduate programs that are accelerated. This means that you will be done with school faster, and making more money at a better job sooner. It doesn't get any better than that. The faster you can get on track, and find the career that you have always dreamed of, the happier you are going to be. Now all you have to do is find the right school to attend.
Get information on a few different schools that have your program of interest, and compare the pros and cons of each different school. This will help you find which one is going to work best for you. For any questions or concerns about attending a class or classes online, talk with a counselor about what it will be like. Start with only one if you think you need time to ease into it, or see if it is going to work for you. Online classes are a great way to change your life, and you can start whenever you want.
Article Source: http://EzineArticles.com/5708253
