According to your claim, your clients are afraid of price action, so you replace it with an indicator. That does not solve the problem. According to Pavlovian conditioning, your newly invented indicator will be associated with price action. To solve the problem, you must identify the object that is associated with price action. Price action per se is harmless, it is that object whose property has been transferred to price action, which in turn will transfer the property to your new indicator. To explain myself with an example: You dislike Joe intensely, you will dislike the friends of Joe. Another example: You like a pretty woman, you will like the chair the woman sat on two minutes ago.
I have come to the conclusion you need to recognize how much you plan to lose on each trade and then make the trade assuming you will win it so emotionally that is neutral as long as the loss side is capped - sleeping at night is easy
Duref Mudgins = Sigmund Freud This is a one of the sock puppet aliases of the clown who is the same author of many sock puppet names he uses on ET.
Of course that is not an irrational fear. More often than not, making a profit hinges on being right. Being right about direction, being right about the time it takes to reach price X, etc.
I have conquered my fear by starting every day with negative expectations. In this way, no matter what happens I come out a winner.
How does that help you? Is it like having no expectations? ... and so no matter what happens, you are ahead of the game?? I'm serious, I'm trying to rap my mind around that one.
4DTrader, alas, the object associated with their fears is their own miserable selves. Thanks to all for sharing.
Cheese, since when am I the clown? I don't recall seing YOU post any fucking new systems lately. To you they may be sock puppets, but to me they are my Teddy Bear collection.
That's something that every trader has to overcome. When I look at really great traders....guys like George Soros who made huge returns off of one trade. Like when Soros mads 1.1billion in one day on one trade. I just think to myself how the f**k did he do that! How much fear do you think he had to overcome to pull that trade off http://www.commoditiesvue.com