| One of the best ways to remove the emotion from | | | | the system tells you, instead of watching charts |
| trading is to use an automated system that makes | | | | & technical indicators all day sure take a lot of |
| the buy and sell decisions for you. There are | | | | the stress out of trading. |
| several systems on the market can do this for you. | | | | Whatever automated system you choose, be sure it |
| None are cheap to buy. I personally use a FOREX | | | | gives you the ability to step back and let the trade |
| system that I paid nearly $5000 for. It was worth | | | | play out without you personally having to babysit it |
| every penny as I can now trade nearly free of | | | | to the end, as this is what causes most of the |
| emotion. In addition, I pay over $50 per month for | | | | emotional stress. Agonizing over each tick of the |
| the data feed, this is typical of systems that directly | | | | stock happens because you are too close to the |
| automate trading and are run through your personal | | | | trade. You will be much more relaxed when your |
| computer. | | | | software trades for you, or you only go to your |
| There are other ways to use this kind of trading | | | | computer when you receive a buy or sell signal. The |
| system without the major investment in software. | | | | rest of the time, you do what you want. |
| You can subscribe to a service which uses a | | | | As a day stock trader, you have the freedom that |
| computerized system to generate buy & sell | | | | others can only dream about. It takes discipline, but |
| alerts and then sends them to you instantly through | | | | anyone can learn to do it. It can be a stressful or a |
| emailor other electronic media. This way you still get | | | | relaxed way to earn a living - the choice is up to you. |
| the advantage of a powerful analytic program, but at | | | | If you learn only one thing, it is that the best traders |
| much lower cost. | | | | have all learned to trade without emotion - executing |
| A system like this won't place the trades for you, | | | | from a plan, and not being emotionally swayed but |
| you still have to do that yourself, but just doing what | | | | the action in the markets. |