As hinted, this is a mental (psychological) issue for YOU. It's basis is fear.
In trading, there is finite categories of fear, INTERTWINED:
* Fear of loss - This breaks down into two distinct psychological characteristics:
-Lack of confidence
-Lack of discipline or inability to be disciplined.
Lack of Confidence encompasses all things associated with a trade. Everything from the analysis and methodology for trade selection to execution infrastructure to predictive capability of exogenous events.
Lack of discipline encompasses all of the above but with direct focus on self, and your ability to react, either in accordance with a specific set of "rules", or to unexpected, unanticipated scenarios.
*Fear of winning - this breaks down into a plethora of psychological characteristics, all of which can be clumped into fear of change.
Fear of change involves all aspects of your life at this moment. Perhaps winning will make you more desirable financially and-or personally (aspect of relationships). Perhaps you believe you are not entitled to win (aspect of spirituality). Perhaps a successful career means more responsibility (aspect of personal growth). The possibilities of why you would fear change are nearly endless, however, the reasons are completely unique to you. There is no trading specific material for this. Self-help books and reading material is what is needed.
FWIW, here is an older article with 4 fears of trading. You can decide for yourself whether or not all trading fears boil down to fear of loss or fear of winning. I recommend not over complicating the matter. Fear of loss = confidence and discipline. Fear of winning = all about you.
http://www.bigtrends.com/document.jsp?documentid=914
In trading, there is finite categories of fear, INTERTWINED:
* Fear of loss - This breaks down into two distinct psychological characteristics:
-Lack of confidence
-Lack of discipline or inability to be disciplined.
Lack of Confidence encompasses all things associated with a trade. Everything from the analysis and methodology for trade selection to execution infrastructure to predictive capability of exogenous events.
Lack of discipline encompasses all of the above but with direct focus on self, and your ability to react, either in accordance with a specific set of "rules", or to unexpected, unanticipated scenarios.
*Fear of winning - this breaks down into a plethora of psychological characteristics, all of which can be clumped into fear of change.
Fear of change involves all aspects of your life at this moment. Perhaps winning will make you more desirable financially and-or personally (aspect of relationships). Perhaps you believe you are not entitled to win (aspect of spirituality). Perhaps a successful career means more responsibility (aspect of personal growth). The possibilities of why you would fear change are nearly endless, however, the reasons are completely unique to you. There is no trading specific material for this. Self-help books and reading material is what is needed.
FWIW, here is an older article with 4 fears of trading. You can decide for yourself whether or not all trading fears boil down to fear of loss or fear of winning. I recommend not over complicating the matter. Fear of loss = confidence and discipline. Fear of winning = all about you.
http://www.bigtrends.com/document.jsp?documentid=914
