Being scared to make the trade. What's really sad is that this was after I'd developed a system with a high win rate. I'd call the direction of a market but would be fearful of placing the trade, then surely enough, the market would move in my favor....and there I was left telling silly ass stories about how right I was without having any profit to show for it. This stems from my early trading days when I used to jump into positions haphazardly and would win small then end up losing big. That feeling still lingers to this day and it wasn't until I learned to trade in spite of that feeling that I began to make money.
"...I learned to trade in spite of that feeling that I began to make money." STC Capital, If possible, can you please elaborate on how you were able to do this? I'm going through the same thing - call trades in r/t, but fearful of taking them. Thanks in advance!
I still haven't fully mastered this because it still hits me from time to time, but I got through it by recalling all of the times I'd been right and missed out. After that, it was simply a matter of putting on the trade and walking away. I may not check on my position for another 24 hours.
I must have come to the right place as I'm dealing with this same situation. I use to sit there for weeks and not put a trade on in fear of being wrong or loss just to watch it go in the direction I would have gone and sometime would have gone far enough to reach my weekly quota in one session. I have found that being in action has started to cure or at least decrease the level of fear before entering a trade. The biggest thing that I have had to overcome was not being so hard on myself, to treat myself like a friend instead of abusing myself mentally.
last thing, huh !! I will tell you soon, hopefully. Have to see first whether I am successful. My massive all-in china position is now positive, but sh*t happens. Still has to run a while to get out at target. Will post then as a rich man. seeay soon
%%%%%%%%%%%%%% Amen; that + rule of 72, meaning work 6 days a week @12 hours a day=72 Wisdom is profitable to direct