Ergo, if it is difficult to control what you eat, you know that it is impossible for you to control the market movements and to predict every trend correctly.
I have developed a list of a number of emotional factors that come into play and must be overcome (the physical ones are emotionally based):
Fear
A sense of information overload
A feeling of being overwhelmed
Shock at money loss
The Kenny Rogers syndromeyou have to know when to hold them, know when to fold them, know when to walk away, and know when to run.
Hormonal dump from the endocrine glands (the fight or flight syndrome)
Nausea
Loose bowels
Loss of consciousness
Every trader has experienced some emotional factors at one time or another. Debilitating emotions arise from a sense of helplessness when the market is turning against your established position and seconds turn into hours. You must learn to react appropriately when the market is running against you because, as noted above, you cannot control the market. You can only control yourself.
Some major league baseball batting champions hit only .333. This means that the champ is out of the game two times in every three at bats. Even though the very best baseball hitters are out twice as much as they get on base, they still command heavy salaries. A different percentage system carries over to trading where you should be right more than you are wrong based upon the trader's edge of having instant prices and instant access to the market. As long as the number and amount of your losses are kept under control, you can
