Trading Without Fear

[4DTrader]

Quote from Duref Mudgins:

Sniemiec, thank you for posting. Is your handle pronounceable in English translation? The whole idea was to have an indicator which is a perfect, but bland, substitute for price. So that you don't even have to look at scary price. Trust me, this indicator very nearly perfectly represents essential price action.

According to your claim, your clients are afraid of price action, so you replace it with an indicator. That does not solve the problem.

According to Pavlovian conditioning, your newly invented indicator will be associated with price action.

To solve the problem, you must identify the object that is associated with price action. Price action per se is harmless, it is that object whose property has been transferred to price action, which in turn will transfer the property to your new indicator.

To explain myself with an example: You dislike Joe intensely, you will dislike the friends of Joe. Another example: You like a pretty woman, you will like the chair the woman sat on two minutes ago.

 

[mgabriel01]

I have come to the conclusion you need to recognize how much you plan to lose on each trade and then make the trade assuming you will win it

so emotionally that is neutral
as long as the loss side is capped - sleeping at night is easy

 

[Cheese]

Duref Mudgins = Sigmund Freud
This is a one of the sock puppet aliases of the clown who is the same author of many sock puppet names he uses on ET.

 

[Optionpro007]

Quote from Duref Mudgins:



Working with my associate Joe Doaks, we developed a system we call Trading Without Fear. It was inspired by SCT in a way we are still grappling to understand, let alone explain. But here it is in the attachment. Fearful traders need never look at price again. You will see that we have shrunk it to unrecognizability. Traders now need only trade the stoplight study.

Simply genius...

 

[panzerman]

Quote from Duref Mudgins:

The most common presenting complaint in my trading psychotherapy practice is fear. Fear of being wrong.

Of course that is not an irrational fear. More often than not, making a profit hinges on being right. Being right about direction, being right about the time it takes to reach price X, etc.

 

[lindq]

Quote from Duref Mudgins:

The most common presenting complaint in my trading psychotherapy practice is fear.

I have conquered my fear by starting every day with negative expectations. In this way, no matter what happens I come out a winner.

 

[MandelbrotSet]

Quote from lindq:

I have conquered my fear by starting every day with negative expectations. In this way, no matter what happens I come out a winner.

How does that help you?

Is it like having no expectations? ... and so no matter what happens, you are ahead of the game??

I'm serious, I'm trying to rap my mind around that one.

 

[Duref Mudgins]

4DTrader, alas, the object associated with their fears is their own miserable selves.

Thanks to all for sharing.

 

[Duref Mudgins]

Cheese, since when am I the clown? I don't recall seing YOU post any fucking new systems lately. To you they may be sock puppets, but to me they are my Teddy Bear collection.

 

[commoditiestrdr]

That's something that every trader has to overcome.

When I look at really great traders....guys like George Soros who made huge returns off of one trade.

Like when Soros mads 1.1billion in one day on one trade. I just think to myself how the f**k did he do that!

How much fear do you think he had to overcome to pull that trade off

http://www.commoditiesvue.com