Backup plan
It is no secret that trading requires planning and that only anticipatory thinking can succeed in the counterintuitive market environment.
Let me give you a quick example of this approach's impact if included.
We recently talked about priming the mind at the beginning of the trading day.
This priming process requires a breathing process involving a breath through the nose.
But what if this is already a conditioned response you have done for many years and rely on, but you have a cold or have many colds in a row because you have a toddler at home, or, in the worst scenario, get polyps or anything else that clogs your nose for good.
Any of these circumstances can seriously effect your confidence significantly since your core priming routine is significnatly debilitated.
Like so often in traading you want to have choices as a trader and a backup plan is just such a choice.
You do not want to have to problem-solve reactionarily, which can cause insecurities.
This process is meant to do exactly the opposite, to provide a focused, self-embracing base from which to operate.
In this case, all that's required is after establishing that this priming process is for you to create choices to step into at a time of a possible shift. A similar breathing technique that works without the nose.
Anthony Robbins is like an enthusiastic reporter who collects principles by modeling masters of their craft and sharing his findings with his audience.
You can do the same:
So, in short, find significant possibilities where your system could get strongly interrupted and prepare and rehearse backup plan scenarios.
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