Released on = July 16, 2006, 8:23 am

Press Release Author = Day Trade Forex, LLC

Industry = Accounting

Press Release Summary = Most amateur investors will bail out of an investment
program after three straight losses.

How you handle losing trades psychologically is a cornerstone to your ability to
prosper in the markets. Losing properly (by losing small and continuing to make
your trades) makes winning possible.


Press Release Body = Most amateur investors will bail out of an investment program
after three straight losses.

How you handle losing trades psychologically is a cornerstone to your ability to
prosper in the markets. Losing properly (by losing small and continuing to make your
trades) makes winning possible.

You have to learn to accept your losses, because if you\'re not willing to take the
chance that a trade could lose a pre-defined amount (by using a stop), you will be
afraid to trade or will be scared out of a good position as soon as you get a small
profit.

This defeats the goal to score big when you are right. A successful trader\'s mindset
must accept losses as a necessary and beneficial part of the trading process when
handled properly.

You must have the discipline to always cut your losses or keep them small. You must
resist the temptation to say to yourself "It will come back". That type of
thinking has ruined many traders.

When I\'m in the zone as a trader, I am totally focused and absorbed in the moment.
Time seems to expand, my mind is clear, and I know what\'s coming next. My indicators
speak clearly to me and I obey them automatically.

Peak experiences seem to occur often in what many individuals call "the zone". "The
zone" is a state of transcendental well-being, an altered sense of time, or being on
a high, a state of focused energy, a euphoric state of optimal performance,
exhilarating, uplifting, with a sense of mastery and control and invincibility.

And being a part of this "now" moment is what makes me, as a trader, perform at the
highest level. My ego is not dreaming of riches or fretting over bills to pay - it\'s
just along for the ride. My trading is not tied to my self-worth as a person.

You will reach your trading goals by increments - once you accomplish one goal, you
celebrate that success and then set another higher goal.

What is the key to success? Dedication. The more you practice, the better you get.
And you MUST believe in yourself and your ability to succeed. Keep your thoughts and
behaviors positive, and you will increase your odds of a favorable outcome in your
trading.

Trading is an art form that can be developed with time and plenty of practice.

One of the keys as a trader is that you must spend the time necessary to make
trading skills \"automatic\" and create winning trading habits. Preparation and
practice make for proper skill development. By making these actions automatic, the
mind can be totally absorbed within the zone.

Go slow, trade with caution, obey the indicators, and only trade when you\'re not
tired or feeling stress.

About the Author:

Cynthia Macy is the co-author of 3 forex training ebooks:

http://www.daytradeforex.com/products.htm

For more comprehensive trading information, visit her other websites at:


http://www.1000tradingwords.com
http://www.professionalforextrading.info
http://www.successtrading2000.com
http://www.shortterminvestingsite.com
http://www.daytrade-forex.com



Web Site = http://www.daytradeforex.com/products.htm

Contact Details = Cynthia Macy or Erol Bortucene||2424 Pioneer Ave. Suite
405||Cheyenne ,
82001||$$country||||928-639-1330||daytradeforex@daytradeforex.com||http://www.daytradeforex.com/products.htm