When the plan works brilliantly but you are shi** at implementing it.

[new_trader]

Despite the solidity of the plan, one thing that still worries me also slightly is this -

If it is a marginal thing that i might have a valid signal right up to the close of a candle, and at the last moment, the signal does not arrive, i feel relieved, as i do not have to do anything.
If you were ever bullied at school for any length of time, its a bit like the relief felt when you have a wet playtime due to rain, as you know you won't have to go outside into the playground.

I don’t think you are experiencing anything unique. I suppose it is no different to the nerves a performer feels before going on stage in front of a live audience. The anxiety diminishes with each performance.

Feel the fear and do it anyway!

 

[JTrader]

I don’t think you are experiencing anything unique. I suppose it is no different to the nerves a performer feels before going on stage in front of a live audience. The anxiety diminishes with each performance.

Feel the fear and do it anyway!

Hmmm!

Was reading an extract from Johnny Nelsons (retired world champion boxer) book, and he is a self confessed coward. In the lead up to his earlier (career) fights, he'd hope and pray they got cancelled, the opponent wouldn't turn up, car had broken down etc.

 

[options]

I know exactly what's wrong with you JT.

You are frightened of being shown to be wrong. ie a loss trade.
Seeing as the only person you have to answer to is yourself. Your head is in a turmoil when clicky button time approaches. Do you, don't you. Shall I wait for a better entry.

You know perfect set ups are few and far between, You know how much loss per trade you can incur, yet it still causes hesitation. You have done all the ground work, weighed up all the pros and cons, yet still have 2nd and 3rd thoughts.

This is all normal, more so after a few bad trades.

Just get back in and do it. Stay off of here for the rest of the week and do nothing else (trading wise) except look at a chart of your chosen market and time frame. Wait for your set ups to occur. And exactly at that time. Click that fcuking button! Regardless.
You know what your max loss may be don't you? That is half the battle.

If no set ups. Wait. Do not surf, look at porn, start a new thread. Just wait.

Talk to you monday. Good trading.

 

[FXSCALPER2]

Psychology is just a state of mind!

If he has a proven plan and proven it (honestly) then there is no reason for failure.

If there were a university for the blindignly obvious, you would be a professotr there. Of course it is a state of mind.

Do you think if people were given a method that works, they would all make money?

 

[wasp]

If there were a university for the blindignly obvious, you would be a professotr there. Of course it is a state of mind.

I couldn't find a tongue in cheek smilie!

Do you think if people were given a method that works, they would all make money?

No, that's because people, on a whole, are thick.

I watched Jamie Oliver try and 'pass on' a stir fry through 1000 people teaching each other and not one recipe ended up producing the same dish.

Was it the recipe? Was it the people? Was it because they didn't believe it? Or wanted to change it? Was it because they had no experience?

I think there is a difference in the mindset though of someone who wants results and has a few years experience than someone fresh of the streets. Same with any job though.

 

[new_trader]

Dunces

No, that's because people, on a whole, are thick.

Exactly, precisely

 

[FXSCALPER2]

I couldn't find a tongue in cheek smilie!



No, that's because people, on a whole, are thick.

I watched Jamie Oliver try and 'pass on' a stir fry through 1000 people teaching each other and not one recipe ended up producing the same dish.

Was it the recipe? Was it the people? Was it because they didn't believe it? Or wanted to change it? Was it because they had no experience?

I think there is a difference in the mindset though of someone who wants results and has a few years experience than someone fresh of the streets. Same with any job though.

Thing is it is very hard to learn to cook like Jamie. In other words the stuff he does is probably hard to learn. Wheras, it is easy to learn what to do in trading. The reason why most people can't make 10 pips from a market that moves 200 ticks a day is because they are scared to death. As said elsewhere, it is as hard to lose as it is to win if you tried to do that on purpose.

 

[wasp]

Thing is it is very hard to learn to cook like Jamie. In other words the stuff he does is probably hard to learn. Wheras, it is easy to learn what to do in trading. The reason why most people can't make 10 pips from a market that moves 200 ticks a day is because they are scared to death. As said elsewhere, it is as hard to lose as it is to win if you tried to do that on purpose.

Yet Jamie and all the other successful chefs in the world didn't do it overnight. Yes, what he can cook is probably difficult but he made the mistakes, made people ill, threw away a lot of food, got back to basics, started over, learnt about food, tried again and perfected it until he was good enough to go on telly and annoy the **** out of everyone.

Part of the problem and part the reason stats are so in favour of 'losers' is that so many give up. If everyone who tried their hand at trading did it for 3 years at a minimum, the stats would change a lot. The fear would also go (from most) as the 'losers' are majoritively newbies who have no clue what they are doing.

Put 100 wannabe chefs in a Michelin star kitchen and 90 will fail. The other 10 will stick through it and learn and have the scars to show for it.

 

[new_trader]

http://www.trade2win.com/boards/foyer/27425-what-you-listening-now-21.html#post536298

 

[barryb]

Despite the solidity of the plan, one thing that still worries me also slightly is this -

If it is a marginal thing that i might have a valid signal right up to the close of a candle, and at the last moment, the signal does not arrive, i feel relieved, as i do not have to do anything.

Mate, i think you've got the....

Ian Brown F.E.A.R. Music Video - Yahoo! Music UK