One of the biggest challenges I've ever had with trading is psychological. In the past, I often found myself making a lot of money quickly and growing my account, only to give it all back in the end because I got too greedy and thought i was invincible. It is very important to constantly stay humble and fear that your trades could go wrong. I did a video to talk about it.
Be humble and fear your own trades
- Thread starter Golden Retriever Trading
- Start date
Actually, I agree with half your statement.
Man ?! No way ! You advise traders to be FEARful about their trade ?!
To be humble is to be kind of detached from the action, objective.
That's the right attitude, to be confident about his system.
But if you begin to be excited, neither afraid, eager, etc ...
That activity will shortcut your discipline. BreakDown.
I've been afraid to place trades.
On my knees after a sequence of loser.
But in that situation it's better to take a break.
No emotion about one's trade !
Only peace, Aka. Ataraxia.
Sorry, the Superman Effect has sturked.
Man ?! No way ! You advise traders to be FEARful about their trade ?!
To be humble is to be kind of detached from the action, objective.
That's the right attitude, to be confident about his system.
But if you begin to be excited, neither afraid, eager, etc ...
That activity will shortcut your discipline. BreakDown.
I've been afraid to place trades.
On my knees after a sequence of loser.
But in that situation it's better to take a break.
No emotion about one's trade !
Only peace, Aka. Ataraxia.
Sorry, the Superman Effect has sturked.
Just like Yogi Berra said.... "hitting is 90% physical and the other half mental".
Psychology is a big aspect for some traders -- it was for me. When I first started trading (stock) I was up 30% in couple of months, then down 40% before closing my account and seriously reflecting and studying the marketplace. I was just sitting on the sidelines watching the market and trading in my head for years and years...but couldn't seem to jump back in 
Right. Like the "slippage from hell" exit that just reamed my account for the day. It's an atypical event, but looking back at what happened in the last 30 minutes, I thank god that I had a plan and didn't second guess that one. It bothered me a little bit, but I brushed it off. If I stayed in that trade, second guessing, I would be crying for a week
its not trades went wrong, its the method that does not work in current market conditions ....
why?
its either method reached its limitations or (in most cases) is not a viable method at all
so humble is good and fear is good it is just supposed to be in right doses not to overwhelm the traders
very humble is a sucker
very fearful is coward
when one is not humble or not fearful at all he is just an idiot... or young
Yes in baseball, but not in trading.
Be humble and fear your own trades
Being humble / operating from a foundation of humility
Is nurturing..., beneficial..., sustainable..., keeps us grounded..., in the here and now
Operating out of fear / from a foundation of fear
Is unsustainable..., detrimental..., will wear us down..., tear us apart..., eliminates our ability to relax..., shortens our life
=========================
Trading involves risk..., and loss
Some trades will lose..., some trades do lose - nothing we can do except manage the amount we lose
Come to accept and embrace this risk..., and the loss - as a normal.., as an intrigal part of trading
Come to accept a trade's outcome - either plus or minus - means nothing
That effort put forth - and resulting outcome - of each trade - are totally independent of one another (uncertainty ensures this)
All irrefutable facts of our craft
===========
Risk..., Loss..., Profit
Integral components of trading to be accepted..., embraced..., managed
Not feared
Otherwise - a more prudent path would be to pursue an occupation more suitable to one's strengths..., and conducive to one's well being
Food for thought
RN
Being humble / operating from a foundation of humility
Is nurturing..., beneficial..., sustainable..., keeps us grounded..., in the here and now
Operating out of fear / from a foundation of fear
Is unsustainable..., detrimental..., will wear us down..., tear us apart..., eliminates our ability to relax..., shortens our life
=========================
Trading involves risk..., and loss
Some trades will lose..., some trades do lose - nothing we can do except manage the amount we lose
Come to accept and embrace this risk..., and the loss - as a normal.., as an intrigal part of trading
Come to accept a trade's outcome - either plus or minus - means nothing
That effort put forth - and resulting outcome - of each trade - are totally independent of one another (uncertainty ensures this)
All irrefutable facts of our craft
===========
Risk..., Loss..., Profit
Integral components of trading to be accepted..., embraced..., managed
Not feared
Otherwise - a more prudent path would be to pursue an occupation more suitable to one's strengths..., and conducive to one's well being
Food for thought
RN