Quote from Girlpower:
I've been watching some of Wimbledon over the last 2 weeks, and it has been interesting to see people at set point to go ahead in the match, only to go on to lose the points, and then go on to lose a tie break as well.
Then they have to fight their way back into the match only to do the same thing again when they get ahead.
There do seem to be examples of it everywhere.
Natalie
I'll give two examples...one via athletics and the other via trading.
Trading Example.
A close friend of mine is a much better trader than I via 3 contracts or less...he averages about +4 points per contract via trading 3 contracts or less.
However, when we bump up to more contracts like 10 contracts...
he suddenly starts missing trade signals, removing stops and getting a bigger loss, taking trades via no trade signals...
usually saying the following after a big loser day..."Its scary to think how much money could have been made just sticking to the plan"...something like that.
Simply, he's one of the best traders I know that trades small size and one of the worst traders I know when trading larger size.
Athlete Example.
In high school...there was this guy that could beat everybody on the team during practice...easily.
Yet...in actual competition...he performed either the worst or far below his potential...consistently while others from the team were reaching either the finals or winning championships.
Thus, the best guy on the team was consistently cheering from the bleechers after loosing in the premilaries.
I thought this was rare until I saw it again while in college via another athlete.
My college teamate...the best or one of the best on the team...had excellent training habits up till the last 2 days of training...in those 2 days...he would party til late into the night, poor nutrition habits, argue with team mates and sometimes would start thinking about losing way before the actual competition started.
However...the college guy eventually got professional help (sports psychologist and a psycho-therapist)...while taking a year off from sports...came back and won the National title his final year when he should have been a 3x or 4x NCAA champion.
Fear of Success (self-sabotaging) that's mentioned above is extreme and obvious.
However...usually its more subtle and very difficult to detect until its too late.
NihabaAshi