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Old 12-06-2007, 12:27 AM
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This member is the original thread starter. Re: Analysis Paralysis and Fear of Losing

Thanks for the links Ravin, they actually helped a lot. I am currently reading Mark Douglas Trading in the Zone. It's a great book but I haven't seen anything where he gives you any ideas on how to achieve the consistent attitude that he talks about so often in the book. Maybe it's at the end and I haven't gotten there, but I sort of doubt it. I like the idea of setting a set loss/profit limit and trading until I hit those limits.

Blowfish I would agree a lot stems from the ego. I know for one if I went to my friends and told them how much money I lost I'd feel like an idiot. I have too much pride to let them think I'm failing at something. Most outsiders don't understand what traders go through before they become profitable. Whereas we could all talk about how much money we lost and it's a normal conversation. Tell a random person you met and you'll see the fear in their eyes immediately.

A few weeks ago I was writing in my journal and came across an interesting conclusion. I have an image that I've always felt I had to project. This image was tearing me apart and not actually letting me do anything at all. I made myself feel like a failure because I couldn't live up to my own image. I would imagine we could tie in the ego to projecting the image. I know I'm not the only one who displays a false image in order to protect ones ego. Wow, that all makes me come across as a complete arrogant ass. But I promise I'm not

I am leaving tomorrow for a wedding so I won't be able to trade this week. But I have something to think about and add to my trading plan. Thanks again for your responses Ravin and Blowfish.

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