How do I overcome trading procrastination

[valuetrend]

S.O.H.: Sitting on hands.
One of the most valuable skills a trader (or investor) can have, is learning not to trade when their work ethic (or a need to generate revenue) demands otherwise.

If you do not have a trade for which you feel comfort and confidence, then don't trade.

If you feel comfortable with the risk at play, and the reward that may be realized, then you will trade.

Don't say, "I can't trade." Rather, "I can't trade because,....." and figure that puppy out.

Thanks, in my case its not lack of opportunities, but rather lack of discipline that is keeping me out of the market.

 

[valuetrend]

This will get better over time, if you try.

Risk tolerance - very related to one's personal belief and up bringing... relationship with money.. are you trading too big positions.

Risk tolerance needs to be trained... overtime you can stomach bigger ups and downs... it's just a number in the account... don't relate it to everyday items like cars vacations houses etc...

To gain you have to learn to give... donate to charities, give a few bucks to every beggar you see... you will have a whole different perspective about money, you will feel how fortunate you are compared to the less fortunate.. you will look at money with less and less significance... it will no longer control you, and you will have less difficulty to pull the trigger.

Yes! an abundance mentality helps overcome fear!

 

[valuetrend]

a rarely read or comment on thoughts of others, but this time i read and in light what others said i think i need to clarify my own post above



you did not win anything , you stole ... you stole money from the table of the market

money does not belong to you because you concisely or subconsciously know that you have no idea how to trade, that's why i called it stealing

those who win they know how to trade, and they do not afraid of the market

you afraid because you know that the market will take from you the stolen money and more

so all the talk here about saddling when afraid, about discipline etc, about knowing went to fold its not meant for you...

for you first and foremost realization should be - you have no clue !

and that is the real reason of you procrastination

admit it to yourself, you soul knows it... now have the courage (that where you need the courage) to admit it in your mind

what next ? well, when you admit that you afraid to enter the trade because you realized that you do not have a clue then it takes a discipline not to enter the market until you will have a feeling that you have the clue

how this felling that you know what to do will come to you?

you have to develop the method... and when it will be developed the procrastinations will be long time gone

you may develop it in 10 years, or may never develop it

what's then?

then have a courage to admit that you still a sucker, and a discipline (that's where discipline is used) not to play a game in which you know that you a sucker

Nice! Humility is very important. Always be willing to learn and start from scratch.

 

[valuetrend]

It depends on what you define as procrastination? Reading books which is not related to trading or surfing the web? If you start doing something and feel resistance from your brain (basically it's the learning process) then you can consider that battle with wasting times goes successfully.

Could you please explain? Do you mean that it is sometimes productive to take breaks and do other things to then come back with a clearer mind?

 

[qxr1011]

Thanks a lot for your comments!

qxr1011: "Trading is a discovery of what one is", nice! So working on myself is a better trading strategy than just trading.

absolutley

but one has to be very careful here

there are so many instances when one demanded so mush from himself and literally burned one's soul to the ground... do not ask too much from yourself

besides working on trading also helps to alleviate the needless self-gnawing

 

[valuetrend]

qxr is correct, courage is only of use if and when one has a viable trade plan and is capable of trading it.

Of course, there is no virtue in making wild trades just to overcome fear!!!!

 

[valuetrend]

It goes away. Remember, "These gains are not special"

Be mindful of going too far the other way and forcing trades.

And don't try to eradicate that fear of trading--just keep it in check. That nagging fear of getting back in after taking a big gain can just as well keep you out of giving it all back as keep you out of the end of a breakout. Look at DBX's chart from 6/14 and 6/18 (First big green and top green candle, respectively). Two trading days apart--think what difference that fear would make.
View attachment 188283

Thanks. You are right.

 

[valuetrend]

I believe the suggestion of Dozu888 is the best and very accurate regarding building the right attitude towards money.
two more things you may wish to try.
1. take a notebook and a pen and find a silence for yourself, and make a question "What prevent me from put next trade" and write done everything you feel, without hesitating, thinking. Repeat it few times, until nothing else will come up. Then relax and start with a new question, like "what should I do to overcome this" or "when it was implanted in me, where this fear is rooted" or anything will come to you.
2. And technically - you may take just 10% or up to 50% (your choice, your limit) of your gains and set up your stop losses within this limit, dividing into two or more lots. In this way, your sub-conscience will know that you are not going to give back it all. But the inner work, suggested by mothers here above and in other posts will last forever. No rush and Good luck!

I will do this!

 

[CSEtrader]

absolutley

but one has to be very careful here

there are so many instances when one demanded so mush from himself and literally burned one's soul to the ground... do not ask too much from yourself

besides working on trading also helps to alleviate the needless self-gnawing

Yes, agree but with a little correction -
you are called and you must demand everything from yourself, this is the only one and unique path to the pick performance. Otherwise, you can choose to lie done in the mediocrity of the comfort. So, burn yourself, shake yourself, enjoy and move ahead.
Yes, you will be going to burn all masks which you were taught to put on your soul, you are going to burn alive of what you may believe is your soul only in order to discover what is your real soul! Don't stop, don't hesitate, don't rush or don't be afraid - trust the process, trust the One who sent you on this Earth and made this call for you to become an Elite Real trader!

Wow, thanks. In fact I am training with a martial arts teacher saturdays and sundays at 5 am. Its been hugely beneficial. So discipline is definately the way!

Have you tried to meditate, daily, even for five minutes?

 

[mlawson71]

Start trading on a small live account, that way you won't be as anxious to do it, then gradually increase your investment once you see you're successful.