This thought has been on my mind for a long time: the reason for a trader's failure is the same reason for his success. That is very very deep.
Fear and greed are perhaps the most talked about reasons for a trader's failure, yet they are perhaps the most misunderstood words in trading. I went to a bookstore, walked over to the investment shelf, picked up a day trading book, opened the book, and this sentence jumped into my eyes: "Don't trade with fear." Most readers will probably instantly agree. Well, I don't, because there is no such a thing called fear. If there isn't fear, you need to find something/someone else to blame for your failure.
We never thought that we could lose, Fernado. Now we are so afraid. http://www.youtube.com/watch?v=4ohr4P8E_io&feature=related
Today I met an enemy at the front door, knocked him down, but the back door enemies were too strong for me, there were three of them, I was held back for some time, then fought my way through with a medium size wound. I came back a few times, kicked down the front door enemy, but was always scared by the back door enemies. I did snatch some medicine to cover my wound, though. At least I got to know my enemies better. I will find a better weapon tomorrow.
I just found out today that I only have one enemy. I didn't know him very well, the image was vague in my mind, the image of a fleeting monster. I didn't want to see the monster, I was trying to avoid him subconsciously. I know this enemy has scared me for years, but I hated to confront him. I know he is very very scary. I have delayed confronting this monster for too long. By accident I caught a glimpse of this enemy today. He is indeed scary, he was laughing at me while I was paralyzed out of fear. I couldn't move, I couldn't lift my hand, I couldn't lift my finger, then I saw this monster looking at me, laughing at me. Finally, I saw the monster. Strangely enough, I feel relief. But will I be able to fight the monster? I don't know. Maybe I know, but I don't want to claim victory before the battle begins.
BP, You fight the monster â the monster will win â trust me⦠Instead turn that monster into your best friend Sir â get to know him better â talk to him â and especially listen to him Just mho Sir Regards RN
You want to become a trader and make money, right? OK, you've started with a problem. It's going to haunt you for a long time.