How to treat the 'cannot pull the trigger' symtome
- Thread starter ADX_trader
- Start date
Quote from Kermit:
ADX_trader:
I was once taught to metaphorically view your trading system as your âclientâ and you yourself as the âbrokerâ. If your client generates a âbuyâ signal and calls you up to buy, you âbuy!â; if your client tells you to sell, you âsell!â. Otherwise, do nothing. A broker wouldnât question or fail to âpull the triggerâ to execute the orders of his/her client; and neither would you when your system tells to do so. This places a level of detachment between you and your trade.
Kermit
That's pretty cool. I wish I'd known it when I was first starting..
FWIW, I've also had a hard time gunning lately, and have been hesitating on my entries while being very quick with my exits. I think it's more of a symptom of a choppy market (where you have to be very nimble more than anything else) with poor liquidity.
Quote from ADX_trader:
Perfectism: want to be 100% correct. This one I think I can overcome it but my subconscious is still looking for it.
That may not be as easy as you think. Perfectionism can be a sign of some past psychological problems that you may need to address. Perhaps it's only perfectionism, and the other two things you mentioned are just the result of that.
Talk to a shrink, perhaps he/she can help.
I was thinking about it before. But I am trading at home and I don't want to find a job in the institutes. I also dislike other people distract me when I am watching the screens.
I did papertrade before and found my system was really good. I had many consecuctive winning trades. I could put on the trades easily, just pressed the key. But when I move to real world trade, my mind seems to unable to put on the trade.
I know I only need to squeeze a few ticks a day then my annual performance would be very good. I won't try to make a killing in one trade. I don't have the problem of greed but the fear.
I once knew a professional horseplayer who would follow his methods and system, get a clear scenario to make a bet, and then, on his way to the window, he would change his mind/the horse to bet on/amount of the bet, etc. He solved his problem by "Hiring" a partner to take his money and his wager to the window for him.
I don't know how his problem started, but I believe he has had the same partner for 10+ years now.
That is all.
BigMike
I don't know how his problem started, but I believe he has had the same partner for 10+ years now.
That is all.
BigMike
A fully automatic trading system can do the same job for a trader. But this could rise another problem: could you withstand form interfering the system? Especially when it has a big drawdown.
