The most common psycholgical challenge people encounter when trading

There are many extremely intelligent and financially sophisticated people, oftentimes finance professionals, who are still incapable of executing a plan properly.

The most common reason for the "failure to execute" shortcoming is the emotional inability to go against the market. Commonly known as "Commitment Paralysis."
 
Quote from nutmeg:

I think it was last fall there was an article in the mag
tech analysis of stocks and commodities and the author wrote about ten baggers. Seems he had a screen that started with doubles. I thought it was quite interesting (should have bought the mag).

I hear ya on the mastercard ipo, never bought it, always seemed out of reach but still watching it. OTH have some PRU at 30 and added at 74 talk about a stretch. Eh, once in awhile you have to reach out.
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I wrote a StockFetcher filter, FINDING THE NEXT NTRI - Double Verison, that does that... very profitable.
 
Quote from Joab:

I don't try and visualize what the chart will do, I just visualize HOW I will react (in the BEST way possible).

Visualize the best case (holding for full profits) then visualize the worst case and (exiting perfectly with small stops).
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Whenever I have a HUGE trade on, I visualize executing my exit.

For example:

If the price hits xx.99, I see myself pressing SELL.

If the price hits xx.95, I see myself pressing SELL.

etc...

I visualize all the scenarios that I want to execute so when the time comes I pull the trigger. No thought. No hesitation. Pure reaction.

And don't forget to visualize what you will do if you get a PARTIAL FILL or your order is skipped over!!

MAY ALL YOUR FILLS BE COMPLETE.
 
Quote from stonedinvestor:

Wait a minute is NLP- Toney Robbins, the guy with the big fake teeth? I thought it was National Public Radio!

Look the last thing the world needs is another huckster peddling self help books, enriching himself at the expense of week minded folks. Deep seated problems? See a shrink. Don't send $'s to some fool who's claim to fame is that he knows Hillary Clinton.

Geez prey at the feet of some self made person who's not trying to sell you something. Did you ever wonder why- if these idols were real, if they were really confident and really had the answers- why are they not enlightened to the point of not requesting your funds?

Over 20 years I have amassed a small fortune (by my standards) through stock investing. I am so confident and also know my limitations so well that I no longer charge $10 an issue for advice-- I give it for free to ET!

As rich as Mr. robbins is-- if he really cared about you all- he would be offering his advice for free as well.
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If it is "FREE" then many perceive there's a "catch".

People value what they pay for.

There is so much free stuff on the net, yet people pay for information and trading code they could get for free, if only they looked for it.

Those are some of the reasons people charge for their products and services.
 
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