Too scared to be a millionaire

Ivan Lendl was known as the "blank Chezch", and he was the most disciplined player you can point to in the last 20 years. He won consistently.
I think theres something in that for all of us.:)
 
Quote from cooldude:

jmho

Why not look at the market as it was a bank and look at trading as a blank cheque?

The bank is always there and all you need to do is to fill in the amount you need and cash it.

Who needs to be a millionaire?
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Are you serious? Is this device useful to you? Does it really work? Please elaborate.
 
Quote from Thunderdog:

I have more than a nodding personal acquaintance with this issue. As I understand it, anxiety can cause people to regress and think and behave in ways that do not really suit the circumstances at hand. Evidently, some people can deal with their fears and anxieties in a more constructive manner than others. However, everyone feels fear and anxiety, it is more a matter how you channel it. At least that is my understanding.

If you find this matter troubling, then you may wish to consult one or more of the many books on trader psychology to get a better understanding of this phenomenon if you are not familiar with it already. However, you may find the following items to be of some benefit in moving you along on your way:

http://www.amazon.com/exec/obidos/t...102-3025267-4616931?v=glance&s=books&n=507846

http://cdbaby.com/cd/gurgevich9?cdbaby=5ee7603c0df200c6d6c751be9b8489d2

Of course, all of this presupposes that you have a viable trading method that would make money if you properly followed it. Good luck.
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Thanks. Ordered the Relaxation response because I know I need to re-learn to relax again. But will this be enough?
 
Quote from Hulk Hoser:
Quote from cooldude:
jmho

Why not look at the market as it was a bank and look at trading as a blank cheque?

The bank is always there and all you need to do is to fill in the amount you need and cash it.

Who needs to be a millionaire?
More...
Are you serious? Is this device useful to you? Does it really work? Please elaborate.
More...
Absolutely, but not before having walked this path:

http://www.elitetrader.com/vb/showthread.php?s=&postid=824186#post824186
 
Quote from Hulk Hoser:

I would love to read it! Please! Psychology of risk aversion is a fascinating issue!
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http://www.sfomag.com/issuedetail.asp?MonthNameID=July&YearID=2005
 
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