I disagree. And so would, I assume, Douglas. But no purpose is served by arguing about it, anymore than there is any point to arguing about the existence of a Zen state.
Money management and risk management must of course be part of the plan. Otherwise it's not much of a plan.
Going back to what I said in my article, the chief question when one examines his fears is what exactly it is that he's afraid of. If one doesn't know, he should stop trading, or postpone starting, until he knows the answer. If he doesn't, he will go on month after month, year after year, and never make any progress toward his goals, unless of course his goals are to trade without profit.
Db
Well...in that case Douglas had not much of a plan.....
No sure what article you talk about....I probably missed that, my fault.
Knowing or trying to understand what you are afraid of is futile exercise in my view, this is were you can really be trapped for 50 years between mirrors of concepts created by your own perception or influenced by others. There is nothing to understand at the conceptual level unless you have a tendency to sadism.
This is not about the Zen state, this is about common sense State, emotions are an essential part of us and they need to be felt otherwise you leave behind a great part of you.
It is life pulsing and calling you for some real action.
Yes, they are not comfortable to bring forward but that is what it is all about, getting out of the comfort zone.....to grow.
Said that, with time they become less uncomfortable and they became only a great opportunity.
Db, I am sorry it seems we do not agree on anything, probably one day we will (you never know your luck), in the mean time I wish you and you family the best for the New Year.