Trading Without Fear

Quote from lescor:

I disagree completely with the previous post. I believe that you have to make it a deeply held core belief that you never ever know what is going to happen with any particular trade or the market in general. If you accept that the outcome of each individual trade is random, then accepting a loss is a normal and expected event, not something to be fearful of.

Develop a money management plan that accounts for those normal and expected losses and you really have nothing to be afraid of.
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Many traders search over and over for "a system" full of MA crosses, RSI , constant volume, market profile, blah blah...but one's focus should be what trader lescor has stated. Read his post three times...then read Mark Douglas , "Trading in the Zone" to sink the message further into your head. You must be able to completely accept risk to the point where it's as easy as riding a bike.
It will take time, but when you cross over, you will achieve enlightenment.
 
Quote from toc:

Trading without fear is not possible........mostly :D
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It is possible...very difficult..but possible. Try to "think" like a computer does.
 
Quote from Duref Mudgins:

Mandelbrot, when did I ever say anything ugly to YOU? I guess people read my "little bullshit threads" because they like bullshit. And I thought that giving feaful traders an indicator just as good as price but not price so they wouldn't actually have to LOOK at price was clever. At least it works for me in my trading. There is a small coterie of ETer's here like me who think that private trading is an infinite source of amusement and insight into the tortured human psyche. I cannot count the number of times during the trading day that an event makes me practically roll on the floor puking.
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I always follow them but I don't actually read them because they have so many big words
 
Its very hard to trade without fear. However, I like the post about going in believing that every trade will be a winner.

I had no losing forex trades in January. To keep it that way, I have decided to not trade the rest of this month. :-)
 
Amen to that!

"And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,

And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves."

Ah, to see Jesus scourge the CME!
 
Quote from Thomas Jackson:

Amen to that!

"And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,

And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves."

Ah, to see Jesus scourge the CME!
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I much prefer:
"He who sells what isnt his'n....
Buys it back or goes to prison"

:-)
 
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