Healing is an important skill set for trading.

This idea originally written about in Feb 2011.

How do you heal?  There are going to be tough times in this business and your ability to get back up or to know when to get back up is important.  Let me explain that again.  Some people can come back right after a loss and still preform at a high level. Other traders do not bounce back right away but know exactly when they are ready.  Both are good.

The ability to come back quickly is because the trader can accept responsibility, knows the difference between a trend and an aberration, has a track record of discipline and stopped the damage earlier.  The trader can take time off  because he doesn’t need the money for a mortgage, understands there will be other opportunities,  and understands they are trading like shit.

Ignoring your need to heal can propel you down a slippery slope.  When you are winning or losing, it is important to stop and take inventory of where you are. Trading has a way of concentrating focus, to lose vision outside of that moment. Take time after predetermined times or events.

Talking and writing is a good way to heal as well.  Having at least one person to talk about your trading will help.  Get it all out and get back at it, when the time is right.

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