Separating Fear from Uncertainty

This is a discussion on Separating Fear from Uncertainty within the Trading Psychology forums, part of the Trading Control category; Originally Posted by cornixforex The question is: how can one achieve the stage of not having fear of uncertainty. Solution ...

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Old Oct 9, 2012, 10:13am   #25
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Default Re: Separating Fear from Uncertainty

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Originally Posted by cornixforex View Post
The question is: how can one achieve the stage of not having fear of uncertainty. Solution of this problem makes successful traders, enterpreneurs etc.
you are born with it ..........I've worked with a few serious entrepreneurs in the past and (unlike you and me )they dont really give a monkeys about money

me - I get far to hung up on risk and the threat of losing to much on certain ventures and activities........and that fear would manifest itself in trying to execute the business strategy - so its self fullfilling as a prophesy

oversimplified explanation but true

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Old Oct 9, 2012, 4:45pm   #26
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Default Re: Separating Fear from Uncertainty

some may have a 'knack for it' but others can develop it.

Trading is a probability game but the probabilties represent a chance not a gurantee of being right (seems obvious). As soon as you realise you can be wrong on any single trade but profitable over 20 trades, the fear will go as no single trade will have any bearing on your long term goals.

So you ultimately make peace with any trade as individual results mean nothing. When you expect nothing you have nothing to fear!!!.

When i trade i just Set and Forget. Keeping your eyes glued to the screen does not help either.

Just my two cents
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Old Oct 11, 2012, 11:55am   #27
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Default Re: Separating Fear from Uncertainty

When I trade I just go Zen... my mind if blank (to things outside Forex). It works.
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Old Nov 6, 2012, 2:10am   #28
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Default Re: Separating Fear from Uncertainty

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Originally Posted by lynhappytrader View Post
When I trade I just go Zen... my mind if blank (to things outside Forex). It works.
In this wa Dalai Lama can be best trader ever.

But why is human better trader than robot (given good trader and good EA)? I bet because our emotions can save us. So may be fear can be helpful thing in trading.
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