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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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Old 10-30-2008, 12:22 PM   #1

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Insecurity

Whenever I do some business or trading the materials, I feel some insecurity and fear inside me. I don't know how to get out of this feeling. Please give some good suggestion for it.
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Old 10-30-2008, 12:56 PM   #2
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Re: Insecurity



Some combination of
Mindfullness meditation - (going into deeper awareness of the fears instead of avoiding them)
Sedonna Method (Dwoskin book)
Full contact martial arts training (or Japanese sword. In any event get in even better shape physically - both strength and wind)
Kunlun
EFT
Neurofeedback or brainwave entrainment
should get you going in the right direction energetically... then you can more easily deal with your own personal set of cognitive errors
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Old 10-30-2008, 12:59 PM   #3
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Re: Insecurity

... and of course there is always Paxil
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Old 11-01-2008, 02:50 PM   #4

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Re: Insecurity

Fear is the result of you not knowing what will happen. You will never know exactly what the market will do next. Come to grips with that fact... What I am looking for are probabilities, the probability that a pattern will play out the same way it has in the past. Right or wrong I'm playing the odds that the pattern will reoccur.

If your under capitalized that may also be a reason. The money you are using should be money you are willing to lose. You never will be 100% right and if you risk a high percentage of your acct on one trade your just gambling and hoping, hoping for something that may or may not happen.

1. Battle the markets with money you can afford to lose.
2. Realize you will never be right 100% of the time.
3. Find a pattern with good probabilities.
4. Pull the trigger and let the market do what its gonna do.

You are your own worst enemy get to know yourself, and find ways to change anything you don't like.

Irie Vibes...
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