As of 05/26/2022
  Indus: 32,637 +516.91 +1.6%  
  Trans: 14,142 +397.70 +2.9%  
  Utils: 1,022 +1.32 +0.1%  
  Nasdaq: 11,741 +305.91 +2.7%  
  S&P 500: 4,058 +79.08 +2.0%  
YTD
-10.2%  
-14.2%  
 +4.2%  
-25.0%  
-14.9%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 5/23/22
As of 05/26/2022
  Indus: 32,637 +516.91 +1.6%  
  Trans: 14,142 +397.70 +2.9%  
  Utils: 1,022 +1.32 +0.1%  
  Nasdaq: 11,741 +305.91 +2.7%  
  S&P 500: 4,058 +79.08 +2.0%  
YTD
-10.2%  
-14.2%  
 +4.2%  
-25.0%  
-14.9%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 5/23/22

Bulkowski on Imagery In Trading

 

 

If you have watched the film Flatliners, you probably recall a scene where Kiefer Sutherland and Kevin Bacon are sitting outside a beer joint on the back of their vehicle just after Sutherland dies and recovers. Sutherland says something like, "You can hear the hum of the street lights." He is picking out one sound from the maze of noises around him. You can do the same with sounds and then visualize what is making those sounds.

A mother might close her eyes upon hearing her newborn giggle, and picture the baby with a wide smile on his face. The dad might imagine that the child is grasping his finger with tiny hands for the first time, hanging on.

You can think of positive images for your trading, helping bad thoughts fade and bringing alive those which picture a successful trade. In this way, you can zero in on happy thoughts and push aside those thoughts and images of price dropping off a cliff or another bill coming due in the mail.

Here's how to use imagery in your trading.

A picture of a bearded iris.

Problem? What Problem?

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Closing Position

From the myriad images and thoughts swirling around inside your head, visualize how you want the trade to proceed. Visualize success at the end of the trade. That will give you the confidence to push yourself beyond your comfort zone. By selecting a positive image of success, the other negative thoughts fade into the background. Like Sutherland did with the street lights, you do with your thoughts. Pick out the good ones and let the bad ones fade.

If you are trading a chart pattern, then visualize it completing and price breaking out in the direction you expect. Then imagine yourself jumping into the trade, watching price move in your favor and exiting the trade just before price reverses.

Focus not on how much money you are making or losing but on technique. If you are trading well, then the money will tumble in.

If you practice using images to visualize where you want your trades to go, over time (at least 3 weeks for the subconscious to believe what you are telling it), it will help you become a better trader, one that can push past fears, past the boundary of your comfort zone and into the realm of greater wealth.

This article is based on an idea from Kiev's November 1994 article titled, "Using Visual Imagery in Trading," as published in Technical Analysis of Stocks & Commodities magazine.

-- Thomas Bulkowski

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See Also

 

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Chart Patterns: After the Buy

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