Option Millionaires

[Nolerman]

Great message....I saved this.

I'd add one more thing. If you find yourself "excited" or full of adrenalin before a certain trade....consider how many other times you have felt that way and what the outcomes were. The more excited I get about a trade, often it has the worst outcome. IMO trading should be methodical, consistent, boring, and smaller profits should be expected with larger profits being the surprise. (Like a day job....it won't excite the senses, but it keeps money in the positive).

And lastly, it's easy to get into the crackhead, scratching your skin off while staring at the monitor mode. If you are sitting and looking at a chart going over and over in your head if it's going to go up or down and what should I do....am I late to the run, and I right, am I wrong, is anyone else doing it, is the crowd right, am I right and everybody else hasn't caught on yet......you get the point. In this scenario, make it easy on yourself and say out loud:
"I am fishing here, and it is a coin flip. I will likely lose money here and that feeling is much worse than just sitting this one out. SIT ON YOUR DAMN HANDS (insert your name here) until a better setup comes around."