111\1'11 . "1 .

Transformation
of Feelings

re you one of the many traders who trunk that feelings have nothmg

A 10 do wilh making money in thc markets? If so, then you are also
one of the many tradc", w\o()8(' succ~ss in trading is hdd capti,·c by
his f,."lings.
Th~ n'USI sute.ssful I rad,·,.,. in II'e i,,,luSlry a", consi8W"1 I rade,.,.. Hut,
in unler fur a lratler to Ire c,m~is1e"tly suc.""ssfuJ In I.h" markeL~, he nef'<ls
10 follow predelenn;ned rul",; tl~~1 he I"'hews "ill gi"e rum a positive OUI·
cume. The probl"m for mosl trad('lS, however, is thai the abihty to follow
110...... rul"" depcnds upon a sN of feelings Ihal keep him dJsc'l)lin~d, for a
trader who wants 10 build a [o"g and co"",stemly suc""""ful caree. , these
1>OSi1;"e f""lings arc as "alllabl~ as having lonlOrrow'8 ",arket '<'SIIllS in
your ha,,,1s today.
If Sf'lf·,;;ll);.JUtge rloe" "01 c.()me lrelween a lroder and following his
rul"". he will create a comfonable feeling thaI "ill "uppon his .. rrollS. But
if. in Ih .. process of b<'Commg ,. lrade he l"""s money co""istently, experi-
ence" a large I""", or is incollsist.'nl i" his ",sults, he w,ll de~clO(} a "cgali"e
conditiunirl,ll witt. associated ncgali.·c feehngs about the choices h~ mak"",

For all of us, feehngs are Ihe final clement III Ihe proc..,.,. of how wc crcme
our realily . !>irs! l'<lnll'S Ihe experience; n,,"I, w~ tell ourselv"" Ihe SlOry
about Ihe ,,"p."ie"ce; and then cu"''''' the feeling(s) associated w;ll1 the
story. A.~ a resull of Ihe "'petition "f the SI"1)/ "",,. time, with Ihe ass"cial ... l