ahimsa

[ame=http://www.youtube.com/watch?v=klnWKL2Om_0]YouTube - Richard Ashcroft * Royal Highness@ Melkweg- Amsterdag 13-6-2010 046.AVI[/ame]

[ame=http://http://www.youtube.com/watch?v=JFM7Ty1EEvs]http://http://www.youtube.com/watch?v=JFM7Ty1EEvs[/ame]

extremely true kiwi,me too in two post that i wrote i talk about the positive effect that sports had to our health and brain.especially when we feel us confused and tired,training help us to improve the psycho-phisical condition and also trading get better.

no,i don't follow rugby ,i know that is a sport with a very correct players,i follow only some match of champions league ,some premiere league and the match of my heart team.i follow F1.i like too much.

thanks for this treadh traderunner.. today i post a italian song that maybe the name remembered you some things (also if i choose this nick more for the overnight negotiation,) [ame=http://www.youtube.com/watch?v=4om3BWKlcwE]YouTube - Luciano Pavarotti & Luciano Ligabue - Certe Notti (Live @ Pavarotti & Friends 1996 For War Child)[/ame]

[ame=http://www.youtube.com/watch?v=Jj5Xczethmw]YouTube - Once Upon a Time in America (Theme by Ennio Morricone)[/ame] two of best musician in the world...i don't really imagine this film without this soundtrack [ame=http://www.youtube.com/watch?v=0BSNU2ZLyKM]YouTube - LEGENDS OF THE FALL-THE LUDLOWS[/ame]

[ame=http://www.youtube.com/watch?v=nc3DE8gnTmA&tracker=False]YouTube - HERE'S TO YOU[/ame]

[ame=http://http://www.youtube.com/watch?v=n5LJWG-sQys&tracker=False]http://http://www.youtube.com/watch?v=n5LJWG-sQys&tracker=False[/ame]

welcome..... this is the 5° thread about this topic.

Skip to content Skip to 1st column Skip to 2nd column HomeTrader's JournalBack IssuesTrial IssueContributorsAdvertisingTerms Of UseForex Journal Magazine Member Area . Saturday Mar 05th.Conquer The 4 Fears Of Trading User Rating: / 9 PoorBest Written by Price Headley Tuesday, 03 March 2009 13:01 Merriam-Webster's dictionary defines fear as "an unpleasant, often strong emotion caused by anticipation or awareness of danger, going on to explain that fear...implies anxiety and usually the loss of courage." This definition of fear is useful in helping define the issues that traders face when coping with fear. The reality is that all traders feel fear at some level, but the key is how we prepare to address our concerns related to taking on risk as a trader. In this article I will review four major fears experienced by traders, and I'll take it a step further by noting how the outcomes of these fears create undesirable trading behaviors. Basically, my aim is to have you walk away with an understanding of these dangers so you can and implement strategies that will address your fears and let you get on with your trading plan. Mark Douglas, an expert in trading psychology, noted in his book, Trading in the Zone, that most investors believe they know what is going to happen next. This causes traders to put too much weight on the outcome of the current trade, while not assessing their performance as "a probability game" that they are playing over time. This manifests itself in investors getting too high and too low and causes them to react emotionally, with excessive fear or greed after a series of losses or wins. As the importance of an individual trade increases in the trader's mind, the fear level tends to increase as well. A trader becomes more hesitant and cautious, seeking to avoid a mistake. The risk of choking under pressure increases as the trader feels the pressure build. All traders have fear, but winning traders manage their fear while losers are controlled by it. When faced with a potentially dangerous situation, the instinctive tendency is to revert to the "fight or flight" response. We can either prepare to do battle against the perceived threat, or we can flee from this danger. When an investor interprets a state of arousal negatively as fear or stress, performance is likely to be impaired. A trader will tend to ?freeze.? In contrast, when a trader feels the surge of adrenaline but interprets this as excitement or a state of greater alertness before placing a trade, then performance will tend to improve. Many great live performers talk of feeling butterflies just before they go on stage, and how they interpret this as a wake-up call to go out and perform at their highest level. That's clearly a more empowering response than someone who might interpret these butterflies as a reason to run back to his dressing room to get sick! Winners take positive action in spite of fear. Read below for tips to conquer the four major fears in trading: Here are the four major fears in trading, and how you can work to handle them: 1. Fear of Loss The fear of losing when making a trade often has several consequences. Fear of loss tends to make a trader hesitant to execute his trading plan. This can often lead to an inability to pull the trigger on new entries as well as on new exits. As a trader, you know that you need to be decisive in taking action when your approach dictates a new entry or exit, so when fear of loss holds you back from taking action, you also lose confidence in your ability to execute your trading plan. This causes a lack of trust in your method or, more importantly, in your own ability to execute future trades. Thus, you can see how fear can set in place a vicious cycle of recurring doubt and, in turn, reinforce a traders' lack of confidence in executing new positions. For example, if you doubt you will actually be able to exit your position when your method tells you to get the heck out, then as a self-preservation mechanism you will also choose not to get into new trades. Thus begins the analysis paralysis, where you are merely looking at new trades but not getting the proper reinforcement to pull the trigger. In fact, the reinforcement is negative and actually pulls you away from making a move. Looking deeper at why a trader cannot pull the trigger, I believe the root stems from a lack of confidence about the trading plan, which then causes the trader to believe that by not trading, he is moving away from potential pain as opposed to moving toward future gain. No one likes losses, but the reality is, of course, that even the best professionals will lose. The key is that they will lose much less, which allows them to remain in the game both financially and psychologically. The longer you can remain in the trading game with a sound method, the more likely you will start to experience a better run of trades that will take you out of any temporary trading slumps. When you're having trouble pulling the trigger, realize that you are worrying too much about results and are not focused on your execution process. Make sure your have a written plan and then practice executing your plan. Start with paper trades if you prefer, or consider trading smaller positions to get the fear of losing out of your system and get yourself focused on execution. When in the heat of battle and realizing you need to get in or out of a trade, consider using market orders, especially on the exit. That way you can't beat yourself up for not pulling the trigger on your trade. Many traders may get too cute with a trade and try to work out of a position at a limit price better than the current market price, hoping they can squeeze more out of a trade. But as famed trader Jesse Livermore advised in the classic book Reminiscences of a Stock Operator by Edwin Lefevre, "give up trying to catch the last eighth." Keep it simple with a market order to exit allows you to bring closure when you need it, which reinforces the confidence-building feelings that come from following your trading plan. In the past when my indicators noted it was time to exit, I have experienced firsthand the pain of not getting filled at my limit, watching the option drop and then placing a new limit back where I should have exited at the market in the first place! Then I have realized I was not going to get filled there either, so I again kept lowering my limit until, in frustration, I placed a market order to exit much lower than I could have closed the position initially. Not only can you feel the pain of loss financially but more importantly, you can chip away at your internal state of confidence and create frustration by not getting filled. You should be more concerned about avoiding big losses and less concerned about taking small losses. If you can't bear to take a small loss, you will never give yourself an opportunity to be around when a big winning idea comes along, as every trade you enter has the risk of first turning against you for a loss. You must execute by knowing what your risk is in each trade, and define parameters to make sure you can ride favorable trends correctly as well so that your winners will be larger than you losers. And never get stuck in the mindset of hoping a loser will come back to "breakeven," as that is one of the trader's most deadly mental fantasies. Billions of dollars have been lost by technology investors hoping their stocks would bounce back in recent years to allow them to escape the downtrend. That only led to even greater losses in most cases. That's how a short-term trader can become a long-term investor unintentionally, and that is a position in which you never want to put yourself. Ask how well you trust yourself to execute your trading plan. You want to judge your effectiveness based on how well you get in and out of the market when your method gives entry and exit signals. You'll need to be decisive, not hesitant, know in your heart that your method is well tested and that your risk is low compared to your likely reward. In other words, you must be fully prepared before you go into the heat of battle during a trading day. You need to know where you will enter and where you will exit if you are a discretionary trader. Or you need to know what system you are following and be prepared to enter and exit as the system dictates. This keeps you disciplined and focused on following a process that can generate favorable results over time. 2. Fear of Missing Out Every trend always has its doubters, but I often notice that many skeptics of a trend will slowly become converts due to the fear of missing out on profits or the pain of losses in betting against that trend. The fear of missing out can also be characterized as greed of a sorts, for an investor is not acting based on some desire to own the security - other than the fact that it is going up without him on board. This fear is often fueled during runaway booms like the technology bubble of the late-1990s, as investors heard their friends talking about newfound riches. The fear of missing out came into play for those who wanted to experience the same type of euphoria. When you think about it, this is a very dangerous situation, as at this stage investors tend essentially to say, "Get me in at any price - I must participate in this hot trend!? The effect of the fear of missing out is a blindness to any potential downside risk, as it seems clear to the investor that there can only be gains ahead from such a "promising" and "obviously beneficial" trend. But there's nothing obvious about it. We remember the stories of the Internet and how it would revolutionize the way business was done. While the Internet has indeed had a significant impact on our lives, the hype and frenzy for these stocks ramped up supply of every possible technology stock that could be brought public and created a situation where the incredibly high expectations could not possibly be met in reality. It is expectation gaps like this that often create serious risks for those who have piled into a trend late, once it has been widely broadcast in the media to all investors. 3. Fear of Letting a Profit Turn into a Loss I get many more questions from subscribers asking if it is time to take a profit than I do subscribers asking when they should take their loss. This represents the fact that most traders do the opposite of the "let profits run, cut losses short" motto: they instead like to take quick profits while letting losers get out of control. Why would a trader do this? Too many traders tend to equate their net worth with their self-worth. They want to lock in a quick profit to guarantee that they feel like a winner. How should you take profits? Should you utilize a fixed target profit objective, or should you only trail your stop on a winning trade until the trend breaks? Those who can accept more risk should consider trailing a stop on their trending position, while more conservative traders may be more comfortable taking profits at their target objective. There is another alternative as well, which is to merge the two concepts by taking some profits off the table while seeking to ride the trend with a trailing stop on the remaining portion of the position. When I trade options, I usually recommend taking half of the position off at a double or more, and then following the half position still open with a trailing stop. This allows you to have the opportunity to ride my best trading ideas further, as these are the trades where I am mostly likely to continue being right. Yet, I am also able to get the initial capital at risk back in my pocket, which frees me from worrying about letting a profit turn into a loss; I am guaranteed a breakeven even if the other half position were to go to nothing overnight. My general rule for the remaining half position is to exit if it reaches my trailing stop of half its maximum profit on an end-of-day closing basis, or scale out of the remaining half position every time it doubles again. I'm also a big fan of moving your stop up to breakeven relatively quickly once the position starts to move in your favor, by about five percent on a stock or by roughly 25 percent on the option. It is also critical to recognize the impact of time spent waiting for a position to move. If you are not losing but not yet winning after several trading days, there are likely better opportunities elsewhere. This is known as a "time stop," and it will get your capital out of non-performers and free it up for fresher trading ideas. 4. Fear of Not Being Right Too many traders care too much about being proven right in their analysis on each trade, as opposed to looking at trading as a probability game in which they will be both right and wrong on individual trades. In other words, their overall method will create positive results. The desire to focus on being right instead of making money is a function of the individual's ego, and to be successful you must trade without ego at all costs. Ego leads to equating the trader's net worth with his self-worth, which results in the desire to take winners too quickly and sit on losers in often-misguided hopes of exiting at a breakeven. Trading results are often a mirror for where you are in your life. If you feel any sort of conflict internally with making money or feel the need to be perfect in everything you do, you will experience cognitive dissonance as you trade. This means that your brain will be insisting that you cannot exit a trade at a loss because it ruins your self-image of perfection. Or if you grew up and feel guilty about having money, your mind and ego will find a way to give up gains and take losses in the markets. The ego's need to protect its version of the self must be let go in order to rid ourselves of the potential for self-sabotage. If you have a perfectionist mentality when trading, you are really setting yourself up for failure, because it is a given that you will experience losses along the way in trading. Again, you have to think of trading as a probability game. You can't be a perfectionist and expect to be a great trader. If you cannot take a loss when it is small because of the need to be perfect, then the loss will often times grow to a much larger loss, causing further pain for the perfectionist. The objective should be excellence in trading, not perfection. In addition, you should strive for excellence over a sustained period, as opposed to judging that each trade must be excellent. The great traders make mistakes too, but they are able to keep the impact of those mistakes small, while really riding their best ideas fully. For the trader who is dealing with excessive ego challenges (yet, who wants to admit it?), this is one of the strongest arguments for mechanical systems, as you grade yourself not on whether your trade analysis was right or wrong. Instead you judge yourself based on how effectively you executed your system's entry and exit signals. This is much easier for those traders who want to leave their egos at the door when they start to trade. Additionally, because we are raised in a highly competitive culture, the perception of a contest or competition will also bring out your ego's desire to win and beat others. You will be better off seeing trading as a series of opportunities that will become apparent to you, and your task is to create a plan that finds opportunities with potential rewards that are several times greater than the risks you incur. Be sure you are writing down your reasons for entering each trade, as the ego will play tricks and come up with new reasons to hang on to losing positions once the original reasons have evaporated. One of our survival mechanisms is remembering the good and omitting the bad in our minds, but this is dangerous in trading. You must acknowledge the risk and use a stop on every trade to admit when the analysis is no longer timely. This helps prevent undesirable situations where you get stuck in a position because you did not adhere to your original stop. This is a bad use of capital being tied up in an under-performing position, when there are likely to be many better opportunities elsewhere. Trading without stops is an ego-driven approach that hopes to avoid accountability for a losing trading idea. This is an unacceptable behavior to the successful trader, who knows he must limit risk with stops to stay in the game for the next trading opportunity. In summary, your trading plan must account for the emotions you will be prone to experience, particularly those related to managing fear. As a trade, you must move from a fearful mindset to mental state of confidence. You have to believe in your ability as well as the effectiveness of your plan to take profits that are larger than the manageable losses. This builds the confidence of knowing that you are on the right track. It also makes it easier to continue to execute new trades after a string of losing positions. Psychologically, that's the critical point where many individuals will pull the plug, because they are too reactive to emotions as opposed to the longer-term mechanics of their plan. If you're not sure if you can make this leap, know that you can if you start small. Too many investors have an "all-or-none" mentality. They're either going to get rich quick or blow out trying. You want to take the opposite mentality - one that signals that you are in this for the longer haul. This gives you "permission" to slowly get comfortable and to keep refining your plan as you go. As you focus on execution while managing fear, you realize that giving up is the only way you can truly lose. You will win as you conquer the four major fears, to gain confidence in your trading method and, ultimately, you will gain even more confidence in yourself. .Copyright © 2005 - 2011 THE TRADER'S JOURNAL. tradewinds i send you this journal article,(maybe you know).You mentioned the ladder and this talk about the fear that we meet own in the trading ladder.This is a path that the majority people that trade covered.I use the term hypnotic state because for me is the only way for describe the stillness that i have when the mental stop-loss become a trap and don't permitted to close immediately a loss. You never ask why fear and agree ,are so much mentioned in trading,and established many reflection point?The fear it's a natural state that whomever had,at least some time in life ,and greed? whomever trade is aware to be a bit greed?,is the negotiation law.If we have so interested to buy and sell,fondamentally we'll must recognize to enter in a agree operating cycle. Nobody of us ever win or ever lose.there are a statistic tha explain that only the 5% that who trade is a winner trader.But also Livermore was been a big trader....but at the end he made his trade more like a gambling,he commited at the end of his career, a principiant mistake and his went out of mind.Don't permitted at your mind to take the windward of your wise and reasonabless,and if you, in a particular moment of your life are able to see that had a bad moment for your pshicho.phisic equilibrium,stop to trade is the only way for don't collect loss up loss.may the gain be with us. certenotti

oh..in this case the increased of your anxiety is absolutely normal.you are a scalper,performed 5 minute,(me too but i look at 1h and 1d with a serious eyes),but if you could trade the future and not the mini i swear that your hearth-beat could increase up.D'ont worry,(if you 'll performed at long.term your fear,don't could exist)but attention at the stop loss.once a time me too talk about stop.loss like an enemy,(not ever the mental-stop loss is a valid system,because you can have the trap of the hypnotic state,and after you can look truly run the loss).but when i put it in large way is like to have a mental stop..the only save for lose fewer.this is my way.

tradewinds .you are in good point of your trading manage,because you are aware and not unaware of how trading can move our state of soul.i think (but maybe i can wrong),that if you give so much weight to fear to consider more bigger than you,or that your work trading manage that you made on you..maybe for you it's better to let out,a bad and negative energy and work only for increase the positive.You needed to don't trasform fear in an existentialist problem.Sorry for the question,but you trade in forex,stock,index share?,have you notice if this problem is accentuaded when you made scalping,intraday or it's the same if you trade in a long term? good week end and have a gain days. cheers certenotti

[ame=http://http://www.youtube.com/watch?v=_hOse5ApZiI]http://http://www.youtube.com/watch?v=_hOse5ApZiI[/ame] good week end at all cheers certenotti

[ame=http://http://www.youtube.com/watch?v=DRtW1MAZ32M]http://http://www.youtube.com/watch?v=DRtW1MAZ32M[/ame] hello all thanks for this thread ingot!! i love music i post two song that i love !!!!

hello tradewinds, sorry maybe iìm in late or not to much intelligent for understand what do you mean?but you want to know if you can increase the desire (of outcome?) without adressing the fear.i think that fear is a road that you can avoid,because is biologically impossible,she is an enemy for a trader but not ever .sometime she help us to stop a bad trade,or better prime a defense mechanism,that many time can save us from a loss.You can learn to manage your fear for arrive to have a good psicho-equilibrium ,fondamentally for all the trader.The gain and the outcome that you (and all us )needed will come after. cheers certenotti

I'm not one of the greatest trader in the world ,(i'm very little and i learn again,from a book,from real and demo trade,but more from all you. reading your directly experience and point of view ,also if many posts i think that are like many financial journal,that needed to be read between the lines.)but i read reminescence two years ago.i think that it is one of the more realistic book never wrote before about a man that in his life had touch in all kind of way what really mean to have a big success in trading,and become a legend from all the financial world,but also what really mean lose all his success money and life.I think that reminescence is a book that have not only one reading key,it is a very complete book,because analyzed in all side the aspect of trading,summarized his true life without omitted the most important psichological aspect that take him to suicide.Financial market is a sector very dangerous,especially high finance,many time should be better to discover to being a little investor and try to help one with other that believe to being a big and important magnate and kill all,never lose the mental control.Is very difficult because this isn't a field that don't made difference from woman and man .Is a fascinating but at the same time orrible field,where the first rule is,more you will being an alien and better you will being able.If a legend like livermore commeted suicide,is true that mm and psichology are two element that we can't undervalue.Because also if we are a big trader and have all world experience is true that for some reason also the smallest psichological we can lose our head and reason and we can sit in our armchair and become the stander of our day -loss.Especially if we are ipnotyzed from the loss and was withouth stop-loss.I'm sure out of theme, in the next phrase and i say sorry to you,but for me is important the stop.loss i don't use it ever many time i used a mental stop loss.but when i'm studyng in demo for example (in real i use ever)i can observe that 5 time up 7 if i don't want close my loss and lose ad example a bit 300€or $ and i'm in mental stop-loss ,i saw ever my loss sail far away and lose 1700€.this is a kind of virtual suicide.And if will happen in real,?and if will happen with a big trade with many money isn't a true way if someone fall in a bad psichological time,can add with other problem that every people had in real life,isn't cannot a thing that bring to commited a suicide act? bye certenotti

hello rande . I'm intervened to the tradewinds post,he talk about sense of fear,greed,and being aware when we lose a rational tought.of how this we can meet also in life not only in trading.i only explained that for me,for my little experience,when i started this path,i can noted( on my skin)that how both can live togheter.in poor words...i trade with my personal state of soul,if i have a clear e rational tought,if my brain it's free from darkness tought,i have a good trade, or more simple,if should be more able to ignore stupid and hateful people that in 2011 again lived without real concept.and the only thought that they had are mobber and basher soul ,oh my god .. sure my trade would be better . that is why i mentioned sport ,sport and music not all music can help me to have a good phsicho-phisic equilibrium. p.s. this hateful people aren't on traders laboratory(i hope). certenotti

Rande you are a teacher for us,i'don't saying that i'm a sartre fan(also i appreciated many points),his primary tought is the existensialism ,the theory that the human being is free,and he touch this topic in many aspect,from religion to politic.i'm just telling,rather that i had only a sensation.to reading his tought in your post.but come back to your concept to"invisible hand".trading in the zone is a good opportunity for learn to do a good and profitable trade,and when we have a good equilibrium ,and we can recognition immediately a break-down of our rational tought,like tradewinds says.in this moment the "invisible hand"help us like a star-light in the see.to make a gain trade. bye thanks for your useful thread (and sorry to all again if i made a error.i never will finish to learn) certenotti

ya!in every aspect of life,is like to say we trade our state of soul ,emotional and all the things that turn around,i think that when we trade is automatic,feel a sense of fear,if you trade with your money!the true issue maybe is stop the trade when we recognition that...i say that because i have the bad or good habit, i don't know again. to put togheter the trade,(and all that i must learn again about it),and my personal psycho-phisic equilibrium. when i break-down my rational tought,i have(i called so) a personal ringing bell allarm,improvvisely my phisical strenght level is less.and i have also the sensation to cry(i hate that).i know that's is a wrong feelings,and the only thing that help me in that moment,is make sport.only in this way i win against my fear.my body needed,my brain needed,my spirit needed.is my way to put out the bad energy,and take only the good.after all i can start to trade again.i have a bad way to fight my fear? certenotti

hello Rande,sorry but talking about the" thoughts are not yours,...they become your blinders....ecc.maybe, you take like example a sartre's thinking.?...when he said that it's all,inuseful,free,non-sense..and the freedom is'nt more a privilege but a sentence?and we needed a new kind of freedom!sorry maybe i'm wrong but maybe i realized this,because i'm reading now this...? thanks in advance.. certenotti

hello...right..and think that someone says again that the man is a politician being... bye certenotti

hi salma...and hi all. i perfectly understood that you develop this kind of awareness.i trade in real to one year.but observe (in demo)and study the financial market to 3 years.surelly i must learn more,and more,but your statement, make me,think over.Me too when i draw the lines in a chart and after i can see that,not ever these reflect the right prediction. it seems that is not true,but why i think im right?maybe i'm wrong or i forget some lines or some line was deleted,or maybe its arrive a bad news?or was a speculative action by strong hands...im not sail in the right side?many are the answers and every time,there's even somethings that goes wrong, is like if the market are going away without you..when you lose.and the only thing that you want in those moment was cry.no stop to trade ,go out make sport, in these moments your brain needed oxigen.after, when you come back at home or at your office you will see the things more clearness.make a bit of demo(its a good execise,) not for play in a surreal acrobatic way,but for the pleasure to observe the trend of market in all type of side.if you go on crude oil,you can observe that it move like a current value ,here you needed many lot of wise ,and a bit of cardiotonic....for your heart.this is the side that seems more gambling.it's also imprevedible.while if you want to being more sure you can try to start in real whit a title like coca-cola for example....its a bit more trust like a title. I don't like to think that trading is a gambling...for play poker,or going to casino i don't need to study,i put a good dress and go.for make trading are fondamental..the study,the quiet,the observation, a bit of luck...better more ...and many many security when you must entry or exit from the market if you want being a profitable trading. good luck,you have needed like all us. good

hello,zdo.i answered at your pm 3 day ago,but now i dont understand what do you mean for kaizen-ee.

hello,very nice idea,this contest! ladies and gentleman i try to throw my prediction. for the first quarter my guess is SPX 1189,40 INDU 1106,10 COMPX 2469,84 annual close my guess is SPX 1425,35 INDU 12773,25 COMPX 3109,28

thank's zdo for your answer,your list ,conveys relaxing and good word's that can help the soul,and infused calm that we needed when we make trading.now my first point that i sayed when i arrived here in traders laboratory,was "sorry"anticipately for my eventual mistakes and this is referred not only by the grammar mistakes,but it's possible that i can involuntarely misrepresent the sense of some phrases.You mentioned four points with relative comment's,ok,for you are paragonable at the four step of ladder that we trader must will do?or are only the state were your inconscious impulse to be stubbern etc sail?i don't understand very vell(and take this words,please not like a contraddition,but like a sincerely change of opinion),if you want make a battle or you want make more greed,because for me if everybody want's fight agains't greed out of the financial markets is a good thing,it's a very difficult work that everyone will make for to be a better people.now i dont' say that if we want make a battle against the tick power,inside the market is wrong but is very difficult,because i can only thinking that is necessary one trillion of dollar for move a value example like euro-usd,upon a time you know better than me the forex wasn't permitted to a retail customer,but only for bank,successively for increment the speculation ,the markets have permitted to all to invest in forex without have need to invest the whole capital.this is a big topic that probably can to flow and to create other topic.step by step sayed the wise's people,(and if you mentioned zen,you are maybe a possible wise).I think that the stubbness your,mine and the other people are the to constate that when we study ad example T.A..and succesively will observe the ebb and flow,the volatility, and up of all the market's inefficiencies,especially when improvvisely break the bull/bearish trap on the level and go were you and all us don't know.and now i can will say surelly,this is a great greed moment.the market done what you don't wait,and i ask in this moment maybe who has the tick financial power,have more or better news,or can being that in this moment arrive an obsolescent news,or only more speculation,many bank make trading only for paying dependent,we are lucky if the financial power let take all us some crumb of cake.Better teachers sayed that the market's wants to be respect.and better teacher's never will say to you sell or buy now,only case if your teacher is one of thick financial power and want your good,because is one of the first value that have him.teachness without being payed and make you join with a good action.mah! I think that is very rare case.Now come back to your list before i lost myself. 1-see what it is for what it is. very good,is like to say take it easy,if i see a green thing is green if i see the red thing is red.so is elementar maybe can safe maybe can be so destructive,you and i can think's so other people can think in a different and more complicated way.i understand right if i think that for you isn't so easy,? me too.For me many time when i see injustice and abuse of power in every field,the first thing that i think is....the world was born to be beatiful,magnificient,wonderful place for the human being,but this is the initial thinking that everyone inconsciously take it for all the life,from 5 years even when we will die,but...isn't so.:angry 2-know what you want. I'm conscious,and in the every way inconscious of what i want,but is also really that i meet difficult,reverse position.(this is a really example like the operativity meet the real life,and here is true the motto the bag and the life). 3-Raise your internal energy level and then practice the new change. In a spirutual and healt benefiance is a very god thing,for the trading session,help me to understand in wich way the (i hope only positive energy)can change the things. 4- Fail successfully,then start all over again. you have illustrated in a better way,like loss and have the big strong to stand up,and learning from the fail that you can start again,but...i think take what you learned from a loss,can be useful for yor next step or jump,trying to avoid to make the same mistake.nobody like to fail.When someone fail is like to had the sensation that what you have learned is lose in some place and we don't know the way,for find it. I hope to don't had misrepresent,your point of view,and i hope to bas been clearly with mine. now let me say,that maybe nobody the claivoyance can say what really happen tomorrow when open ,only one things respect the market the sicurity that when for some time is bull is bull when is bear is bear....but in forex ....isnt' sure not even those.Now i wish all the best thing and a very special christmas with your family and your friends.nice to spoke with you and i hope to was been non-mental time-distorsion.