Price Headley's Daily TrendWatch
Are You In The Zone?
May 15, 2003
"The Zone" is a place where every trader wants to be to perform at peak levels. The
zone is a place where time is considered to slow down or almost stand still, where
you feel acutely more aware of your surroundings, at one with your environment. This
transcendent state is often called other things, such as a 'runner's high' for
athletes feeling the endorphin surge released during physical exertion show a love of the trading game itself in addition to the desire to make money.
So how do we get ourselves into this flow state? Csikszentmihalyi defines six
important prerequisites to allow entrance into the zone:
1)Confidence - As a trader, you must have confidence in your trading method, and
believe that you will succeed if you implement your trading plan. This allows you to
place your entries and exits promptly and thoroughly.
2)Focus - A narrow focus on the task at hand is required to get into the zone. Fears
about the outcome and regrets about past losses do not exist here.
3)Visualization - A trader pictures what success look like, and gets in the zone
through visual processing of data. Verbal cues can take a trader out of the zone.
4)Pleasure - When you enjoy trading, it raises the odds that you will participate
fully and maximize your efforts. This increases your chances at achieving mastery
which further increases your enjoyment. Those who view trading as work will feel a
struggle to find great trades, while those who love trading will feel in harmony with
the markets and opportunities appear more easily.
5)Relaxation - Once you get to the zone, you may tense up as you feel in new
territory. Fear tends to bring you out of the zone. Stay relaxed to let yourself
stay in the zone.
6)Excitement - Some tension can help performance, but too much intensity will create
undue stress and hurt performance.
The other element traders need to get into the zone is Preparation. Larry Bird hit
key shots under pressure in basketball games because he had practiced so many times
in the gym that his shots under pressure felt more automatic to him, which increased
his confidence. Traders must spend the time necessary to make trading skills
"automatic" and create winning trading habits. When you are totally focused, you
cannot be thinking about technique or strategy. Preparation and practice allow you
to develop the skills you need to stay in the zone.
Se não receio o erro é porque estou sempre pronto a corrigi-lo
There's no bull side and no bear side. JUST THE RIGHT SIDE!
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