You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trader's Block
- Thread starter bobcathy1
- Start date
Quote from bobcathy1:
What do you do when you have a BAD case of trader's block?
Just can't seem to click the mouse anymore?
I remember reading some of your other posts, I believe you use Don Millers trading system, which is somewhat discretionary? In the past I have also purchased many trading systems and sat through endless hours of videos trying to gleam the guru's trading strategy. I have found that unless I develop a trading system from scratch myself, I am just not able to develop the confidence necessary to trade it effectively.
Remember what Richard Dennis said that even if they published the rules of his system in a newspaper, still nobody would follow it. There was nothing magical about his system, it was the confidence that he instilled that made the Turtles so successful....
I have cut down my size to one contract.
I am PERFECT on paper trading.
But I STINK whenever money is involved lately.
I think I have a fear of failure.
And when money is involved all my rules go out the window.
I have had wonderful winning streaks in the past 3 years, but the losers make up for them. I learned several ways to make money in the markets. But do I follow them, no........
Now Bob sits with me all day to give me some confidence. I am trying to manage one trade a day. I taught him how to push the buttons on the computer for when I freeze up.
I really appreciate all the replies you have given to me.
I am PERFECT on paper trading.
But I STINK whenever money is involved lately.
I think I have a fear of failure.
And when money is involved all my rules go out the window.
I have had wonderful winning streaks in the past 3 years, but the losers make up for them. I learned several ways to make money in the markets. But do I follow them, no........
Now Bob sits with me all day to give me some confidence. I am trying to manage one trade a day. I taught him how to push the buttons on the computer for when I freeze up.
I really appreciate all the replies you have given to me.
fear of pulling the trigger usually means..
that you've been losing lately.
have you?
:-/
that you've been losing lately.
have you?
:-/
Yes, of course.
If I was making money I would have no fears.
Sometimes I can make 5 pts a day, and then give it back the next.
I usually am right on the trade, but I pull out too early on a wiggle and loose small amounts.......
I am not scared money either. That is the odd part. I have plenty of resources for now.
I just want very badly to be able to trade for a living so my living is nice and portable and I can cruise around in the boat.
If I was making money I would have no fears.
Sometimes I can make 5 pts a day, and then give it back the next.
I usually am right on the trade, but I pull out too early on a wiggle and loose small amounts.......
I am not scared money either. That is the odd part. I have plenty of resources for now.
I just want very badly to be able to trade for a living so my living is nice and portable and I can cruise around in the boat.
"don't count your chips to the dealin's done"
Maybe you're not a trader or at least you don't have the mindset of a trader.
The market is impersonal and you are stuck on "I" can't, or "I" get out too early... You can't think like that as a trader.