Welcome to the Traders Laboratory Forums.
Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

Like Tree7Likes

Reply
Old 01-20-2010, 02:20 PM   #9

suriNotes's Avatar

Status: Educational Partner
Join Date: Nov 2007
Location: Seattle, WA
Posts: 165
Ignore this user

Thanks: 8
Thanked 156 Times in 59 Posts



Re: Gun Shy Cant Pull the Trigger

rxs,

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
suriNotes is offline  
Reply With Quote
The Following 2 Users Say Thank You to suriNotes For This Useful Post:
ClearAir (11-24-2010), gcabrera (06-04-2010)
Old 01-20-2010, 05:42 PM   #10

rxs0005's Avatar

Join Date: Jan 2010
Location: philly
Posts: 25
Ignore this user

Thanks: 18
Thanked 4 Times in 3 Posts



Re: Gun Shy Cant Pull the Trigger

Gents and ladies

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
rxs0005 is offline  
Reply With Quote
The Following 2 Users Say Thank You to rxs0005 For This Useful Post:
Charlton (01-20-2010), gerard101 (01-23-2010)
Old 01-20-2010, 06:04 PM   #11

Join Date: Jul 2009
Location: London
Posts: 365
Ignore this user

Thanks: 206
Thanked 195 Times in 124 Posts



Re: Gun Shy Cant Pull the Trigger

No offence FX girl intended - but I just had a laugh at reading this as my girlfriend and I just watched a comedy show about the difference between men and women.

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
DugDug is offline  
Reply With Quote
Old 01-20-2010, 06:38 PM   #12

FXGirl's Avatar

Join Date: Jun 2009
Location: Oceanside
Posts: 80
Ignore this user

Thanks: 25
Thanked 113 Times in 38 Posts



Re: Gun Shy Cant Pull the Trigger

No offense taken, DugDug. Men and women are different - in plenty of ways. However, if "just do it", doesn't result in just doing it, follow the steps above.
FXGirl is offline  
Reply With Quote
Old 01-21-2010, 01:47 AM   #13

jonbig04's Avatar

Join Date: Jul 2008
Location: Nunya
Posts: 937
Ignore this user

Thanks: 283
Thanked 208 Times in 145 Posts



Re: Gun Shy Cant Pull the Trigger

Quote:
Originally Posted by FXGirl »
No offense taken, DugDug. Men and women are different - in plenty of ways. However, if "just do it", doesn't result in just doing it, follow the steps above.
IMHO you were spot on. In trading we must learn to embrace things that, in almost all other professions, we try at all costs to avoid. You could even say we are programmed to avoid them: losing money and being wrong.
__________________
"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."
jonbig04 is offline  
Reply With Quote
Old 01-21-2010, 08:03 AM   #14

Join Date: Dec 2008
Location: delhi
Posts: 26
Ignore this user

Thanks: 60
Thanked 4 Times in 4 Posts



Re: Gun Shy Cant Pull the Trigger

Quote:
Originally Posted by DugDug »
No offence FX girl intended - but I just had a laugh at reading this as my girlfriend and I just watched a comedy show about the difference between men and women.

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
DugDug, Could you share the name of that program with us ? I am very interested in this topic and I love reading the books of Alen and Barbra Pease about this.

Regards
justtrade01 is offline  
Reply With Quote
Old 01-21-2010, 11:04 AM   #15

Join Date: Jul 2009
Location: London
Posts: 365
Ignore this user

Thanks: 206
Thanked 195 Times in 124 Posts



Re: Gun Shy Cant Pull the Trigger

the show was a comedy talk show in the UK called IQ - I think it was a repeat - it was not a serious documentary
DugDug is offline  
Reply With Quote
The Following User Says Thank You to DugDug For This Useful Post:
justtrade01 (01-21-2010)
Old 01-21-2010, 02:15 PM   #16

natedredd10's Avatar

Join Date: Dec 2009
Location: wny
Posts: 111
Ignore this user

Thanks: 2
Thanked 35 Times in 24 Posts



Re: Gun Shy Cant Pull the Trigger

I would highly suggest learning to play microstakes online poker...especially if you have issues with having to be right.
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.
natedredd10 is offline  
Reply With Quote

Reply

Tags
gun shy trigger fear

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Entry Off Trigger Bar nab999 Coding Forum 3 11-15-2009 05:51 AM
Painting 'trigger' Bar Color to Scalper Alert simterann22 Coding Forum 6 06-10-2009 08:19 PM
Afraid of Pulling the Trigger? Soultrader Trading Articles 7 11-23-2008 09:21 AM

All times are GMT -4. The time now is 11:45 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.