Registered: Aug 2005
04-30-09 07:05 PM
Quote from fearless9:
That is where the problem lies for most traders .... FREEDOM
Often dreamed of and never experienced.
And so they set off chasing a dream that they cannot define, the plan being that the never ending in-flow of profits will take care of everything that is intolerable in their lives.
Ironically, the first step that traders take, is to swamp themselves in so much detail that the very freedom their mind requires to succeed is taken away.
It is a funny old life really.... old habits die hard.
F9 You made an excellent point about the freedom we have as traders.
Given all the freedom of choice we have as a new trader puts a large weight on our backs. We become very conscious that by trading we are tackling and area that many have failed in. In this process we do not allow ourselves to be prepared for the possibility that we may fail not just once but many times before we will succeed. So when failure inevitability does come we are left unstable and seek expert knowledge through ET threads, authors or software products.
Many ET cults target traders who are at an unstable point in their trading lives. We have all had difficult periods, such as transitioning to new job, but trading maximizes our instability because we have no one to blame but ourselves when we fail in trading. When this happens are normal defenses are down and we are susceptible to deception and the persuasive techniques of mind control from ET cults.