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So you’ve mastered your skill set in trading: reading stock charts in a technical manner and perhaps understanding the stock performance using an understanding of sound company fundamentals. While you continue to grow your knowledge of these essential skill sets of trading through the actual practise of trading, there is another factor to consider developing: your psychology whilst trading the markets. Have you ever told yourself, after seeing a stock move in your favour: “I saw that coming (but I didn’t have any money invested in that trading idea).” Have you ever wondered what stopped you from taking that trade?

You are insignificant to the market. Remember that. The market does not care about you. Nor does it knowingly give or take money from you. The market is its own beast. A great trading genre writer, Mark Douglas once wrote in “The Disciplined Trader” that “The markets are always in motion; they never stop, only pause.” The market is in constant motion, open or closed, the field of market participants have perceptions which change with each new input of data.

No one can go on trading at top speed all the time! Sometimes, you need to change gear and slightly push on the brake. Similarly, you cannot stare at the quote screen and focusing heavily on your trading all day. Take a breather and learn to relax. Learn to take time to relax from trading. You can learn to practice some yoga exercises that would prove to be beneficial to you. These would also help you to focus on your trading practices throughout the day. One of the most efficient techniques is take a long, deep breathe and hold it for 10 seconds.