This question was sent to me from one of our students: "Hey Joe! Would you agree with the following statement? âOf paramount importance to the trader, though, is fear. I am convinced that it is absolutely necessary to 'run scared.' Only an exaggerated emotion can generate the concentration necessary to survive as a trader.â I agree, but not necessarily for all traders. Some traders are pretty laid-back and relaxed when they trade. In general, trading is a stressful business. In many areas of activity we see constant demonstrations of performing under stress. Actors of stage and screen; sports figures; cold-call sales peopleâ¦ It is the ability to thrive under stress that sets the best in their fields apart from the other participants. An effective trader handles stress on a survival basis. His natural instinct of self-preservation emerges whenever he is in a stressful situation. His behavior is reduced to pure selfishness and self-survival. He fights for what is his or what he wants to be his in the in a most greedy way. He flees from danger in a most cowardly way. There is no thought about pride or style or personal grace or honor or bravery. Survive somehow. Win somehow is his only purpose. As a trader, you must get in touch with your baser instincts and learn to accept yourself in that way.