Shrink Rap: Neutralizing Emotions During Trading, Part 2

Last week's column focused on how to trigger a neutralizing shift in emotions during trading. The next tool is the second part of the process, and it helps to reinforce the shift we want to make. Like the trigger, it relies on the associations between the physical senses and the mind.

Instead of aiming to do something that helps make the shift, as the trigger does, this one aims at stabilizing the shift. This technique is called anchoring. The trigger and anchor are designed to be used together as a smooth process to establish the shift and then fortify it. ...