HISTOGRAM shows how profitable taking this trade can be.... Green bars are HIGH minus WEEKLY OPEN. Red bar are WEEKLY OPEN - LOW. The bars represent potential profit opportunities.
As E.F. Schumacher once said, âAny intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction.â
I am paraphrasing an email I received today: Thus, if you over think or over analyze your trade, try to force it, or try to be too perfect with your performance, you are guilty of getting in your own way. Most of the time, traders get in their own way because of fear of failure or perfectionism. When you get out of your own way, you allow yourself to trade freely without expectations or pressure. You allow yourself to just do it and trust in your skills. Two mental keys can help you get out of your own way: (1) Understand the core issue that blocks your performance and cope better with this, such as fear of failure, fear of embarrassment, or perfectionism. (2) Learn how to let go and trust what you have trained yourself to do in practice. We call this the performance mindset.