| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
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| | #9 | ||
![]() Status: Educational Partner Join Date: Nov 2007 Location: Seattle, WA Posts: 165 Thanks: 8
Thanked 156 Times in 59 Posts
| Re: Gun Shy Cant Pull the Trigger There are few books/articles addressed this particular topic. I have posted a list of books/articles somewhere, but can't remember the site/URL. Check out Dr. Ned Gandevani's book "How to Become A Successful Trader" .. There is a chapter dedicated to the topic. Another good article in SFO magazine (few years ago) titled "Why Can't I pull Trigger'.... Also, here is an excellent article by Price Headley Conquer The 4 Fears Of Trading Good Luck! Regards, Suri | ||
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| | #10 | ||
![]() | Re: Gun Shy Cant Pull the Trigger thanks for the all the genuine advice i did go in today this is what happened : my strategy triggered a open position i got in ( using small position ) immediately I felt that i was wrong ! ( i did not fear about losing money but being wrong ) went into cancel the order too late! next thing i know i am in the GREEN !! used my exit strategy and got out about right and made money Lesson learnt : Beleif in your system focus on the probability of success on the strategy and most important of all Just do it ! its only money not my life thanks y'all for the support and trust me i am using u r advice and executing it one other thing i found very helpful is after all the news and nosie is baked in i limit my input only to my quote streamer and charts no CNBC no other external outputs just razor focus on my strategy | ||
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| | #11 | ||
![]() | Re: Gun Shy Cant Pull the Trigger Most of the blokes said just do it, you had a lot of writing about dialogue, talking etc. All the same thing in the end result.....except most guys are are bit more blunt. well done rxs | ||
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| | #12 | ||
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| | #13 | ||
![]() | Re: Gun Shy Cant Pull the Trigger Quote:
__________________ "You have to recognize that every 'out front' maneuver is going to be lonely. If you feel entirely comfortable than you're not far ahead enough to do any good. That warm sense of everything going well is usually just the body temperature of the herd. Only if you're far ahead enough to be at risk do you have the chance to reap large rewards." | ||
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| | #14 | ||
![]() | Re: Gun Shy Cant Pull the Trigger Quote:
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| | #15 | ||
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| The Following User Says Thank You to DugDug For This Useful Post: | ||
justtrade01 (01-21-2010) | ||
| | #16 | ||
![]() | Re: Gun Shy Cant Pull the Trigger It gives you cheap practice with everything being setup perfectly, going for it but still losing even though you made the correct play. Lost money on the hand but it was the correct play when viewed over a series of correct plays. Also cheap practice for the opposite of having nothing, should be folding, but instead having to be right and getting smacked. | ||
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