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cornix

Registered: Jan 2011
Posts: 2774

04-26-12 05:16 AM

Fear means you don't trust your strategy/tactics enough. Either something is wrong with it or if you are sure technical side is OK, practice more until you feel greed instead of the fear whenever see your signal.

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clightmarathon

Registered: Oct 2011
Posts: 247

04-26-12 10:22 AM

One can "try" meditation. After a while you are accustomed watching your thoughts, emotions and letting them pass through. You will be more aware during your daily life and trading.

With fear also first you will detect it in your body, tense feeling in the stomach for example, and just label it: hello fear, I know you. You can go now, I am busy following my trading rules.

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JohnForrest

Registered: Apr 2012
Posts: 1

04-26-12 03:32 PM

Fear can help to keep you focussed. It can test your commitment to your trading strategy. Learn to control it and it doesn't need to be an enemy.

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Jack_Larkin

Registered: Jun 2011
Posts: 491

04-29-12 12:06 AM

Scared money is only fixed through confidence.

Confidence comes from properly testing your system, and trading with money you can afford to lose.

If you don't have the discipline to do that kinda testing work before you put your capital at risk, I doubt you'll have the discipline to gain consistency in your trading career.

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KastyG

Registered: Apr 2012
Posts: 516

04-29-12 12:14 AM

i make the most of my money, when i don't need it.

otherwise, god what a grind

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Lawrence Chan
DaytradingBias.com

Registered: Sep 2001
Posts: 5558

05-02-12 01:16 PM

Quote from fxgator:

I think it is normal for all people to have fears. I believe that a person that has never experienced this feeling is not normal. But it really hurts when fear is starting to get all over us and hinders us to do the things we wanted to do. In forex, I'm sure that all we are have fears of loosing money at first. So during your early days in forex, how were you able to get rid of the fear of loosing money?

There are all kinds of things that lead to fear.
You cannot generalize that.

Some fears are direct results of bad trading practices like overleverage. Those fears is there telling you to stop doing the wrong thing and you should correct the bad practice instead of getting numb.

Some fears are false signals. For example your position is doing fine and you are not risking beyond your tolerance but the price action is "ticking you off". That is something you have to fix. Usually over time your experience will overcome these issues.

Good luck.

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