Life doesn't go straight according to our plan. There are always surprises and surprises. Only some people turn out to be ready for them and again move on to their plan, while others break down and cannot recover. Van Tharp in his book "Super Trader" talks about how to minimize risks. His advice can be applied not only to trading, but also to any projects in life.
Instructions
Step 1
Make a list of possible risks. As Van Tharp says, your list should contain at least 100 items. The list must be worked out for a specific project. If you are planning to organize a holiday at home, the lights may be turned off. When the milk boils, you may hear a phone call, making you miss what is happening on the stove. All that can arise suddenly are risks that should be prepared for in advance.
Step 2
For each item, write down several ways to cover this risk. How can you respond to a phone call? Ignore until the milk boils, then call back. Turn off the stove, put the pan with milk aside, immediately answer the call. To exclude the occurrence of a situation, for which always turn off the phone before boiling milk (we assume that this is possible). Here are three options for the development of events. Similarly, it should be described for each risk.
Step 3
Choose the best way to respond in each case. All three are good and acceptable, but only one should be chosen.
Step 4
Rehearse mentally every possible situation and your best reaction to it. Anything that is mentally rehearsed will then appear automatically. All 100 situations must be scrolled through the head. Each event should end mentally as you planned.
Step 5
Review and update the list periodically. New risks may emerge. Everything should be under control.