The aim of this study was to examine the impact of emotions on athletic performance within the frameworks of the Individual Zones of Optimal Functioning (IZOF) model and the directional perception approach. Intensity, functional impact, and hedonic tone of trait and state anxiety, self-confidence, idiosyncratic emotions, and bodily symptoms were assessed in high-level Italian swimmers and track and field athletes (N = 56). Three standards of performance (poor, average, and good), derived from retrospective self-ratings across one to three competitions (a total of 90 observations), were used as independent variables in the analysis of variance of intensity, intra-individual, and direction scores of anxiety, self-confidence, idiosyncratic emotions, and bodily symptoms. Subsequently, intra-individual scores were categorized as near to or distant from optimal/dysfunctional zones and entered as the independent variable in the analysis of direction scores. The results provided support for the predictions stemming from both the IZOF model and the directional approach, as well as help in interpreting direction of anxiety and other idiosyncratic emotions within the IZOF framework. Athletes tended to perceive emotional levels approximating an individual's optimal zone as facilitative-pleasant, and emotional levels approximating an individual's dysfunctional zone as debilitative-unpleasant.