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| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
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Thank you, GCB. That is very powerful. I believe that true traders and "called" to trading. It is a deep and powerful passion. Trading is really a enigma wrapped in mystery, wrapped in a puzzle, wrapped in an open adaptive and constantly-changing system. Traders are conflicted at a deep level because they want to make money, yet they realize that in order to do so, they must take money from others. I heard a very wise and very old ( 85 yoa) the other day who said that traders must be childlike, humble, grateful and have killer instincts.
Now, that is asking a lot, I think! It requires one to be a chameleon, to deal in an environment of deception and yet be willing to believe and trust, to humble oneself at the feet of the market mistress, to be grateful for the gifts received from the mistress and to be ready to strike with the ferociousness of a wild animal. What a combination!! Thanks! Doctor Janice |
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Re: The Trader As Hero
I am treading on the fine line between blind faith and perseverance while I am trading now. On one hand, I think trading is just an impossible way of living, especially after few days of consecutive losses and on the other hand, I believe trading is a call on me.
I have been trading professionally for the last 3 years without any other source of income. I must say I have not been very successful in my trading even until now and recently have always been thinking for giving up trading professionally altogether and try something else. But my self-believe that I can make it in trading someday and somehow perseveres me to continue trading even though I have been digging into my saving to feed my family because my trading incomes have not been reliable. I have read yr article and it has encouraged me to stay on as professional trader because at the end of all things under the sun, I just wanted to be a trader and a successful one by my definition. I just wanted to know myself that I can be a hero inside myself. Does that make sense? I am not so good at English. |
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| Posted By | For | Type | Date | |
| The Trader As Hero - Traders Laboratory | This thread | Refback | 08-01-2007 02:13 PM | |
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