My Mental Management Techniques [Mayo Takano]

To earn stable profits with FX, technical analysis and money management are necessary, but more important is the mental aspect. Traders who are consistently winning also manage their mental state rigorously. Here, we asked trader Mayo Takano to share the mental management techniques she personally practices.

*This article is a reprint and edit of an article from FX攻略.com September 2019 issue. Please note that the market information in the body text may differ from the current market.

Mayo Takano Profile

Takano Mayo. In 2007, she became interested in the story of “a housewife who evaded taxes with FX” and started FX. Recently, she quit a major telecom company where she had worked for over 10 years since joining as a new graduate, and became a full-time trader. On long holidays, she is an ultra-active mom who even swims to Cuba with her child. Hobbies include swimming, kayaking, and mahjong. The main technical she watches is Bollinger Bands, and her trades are mainly scalping. She also trades binary options and EAs. Her motto is “Going my way.”

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Strong Mentality Starts with a Healthy Body

Generally, to achieve steady profits in FX, it is believed that you must trade according to your own rules even when faced with unexpected market movements. However, in reality, because money is at stake, the brain can get heated and you might act in ways you wouldn’t calmly consider. This time I will share my mental management techniques to avoid that.

First, there is a saying that “a strong mind comes from a healthy body,” so I get seven hours of sleep every day and go to the gym three times a week to balance aerobic exercise with strength training. By maintaining this lifestyle, my immune system has improved, I’m less likely to get sick, and I generally feel less fatigue day-to-day. Also, since the body is built from what you eat, I try not to eat much fast food or ready-made foods and focus on a low-salt diet.