“There is nothing to fear but FEAR itself”
Have you experienced FEAR of trading following a streak of losses, after you tried all avenues including revenge trading and nothing worked and now you are left with minimal capital? Traumatized from executing the next simplest trades because your brain will associate all future trades as losers #EMOTIONS
The most common feeling after the post-traumatic effect is FEAR that goes for everything in life after bad experiences and trading is no exception once FEAR takes over in trading hesitation, missing a good entry or stops trusting yourself or your skills becomes the common new.
Remember the saying “Scared money don’t make money” I have found this to be absolutely true.
As long as you have Consistent Pre-defined plan & Money Management skills tell yourself to get going that’s all you need there is no need for FEAR, you get the signal buy or sell go with it as per your plan no need for any emotions.
Remember this always, write it down and visualize it and read to yourself:
1- You don’t need to know what is going to happen next in order to make money.
2-There is a random distribution between wins and losses for any given set of variables that define an edge.
3- Every moment in the market is unique.
I hope you found this article helpful to stay tuned for more.
A trader’s mindset