why comfort zone trading will ruin traders?

Apr 3, 2017
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#1
Traders can only execute trades within their comfort zone , despite being given free profitable methods and systems.They will fail to follow a trading plan ,if any factors are out side their comfort zone .

Traders are often paralyzed in executing trades , if there is ,risk of loss of real money , fear of loss , anxiety about outcome of trade , fear of being incorrect about a trade entry or exit , the memory of previous losses , being wrong about a trade or feeling of imperfect trade entry , system trade is against the biases and beliefs of the context of the trade , losing trade instead of being in a winning trade for a temporary period and there are other conflicts between the mindset factors above and the actual trade data.

The systems /method must always fit within their comfort zone , every trader must design his own comfort zone system , within their risk tolerance levels acceptable to their subconscious mind.A person on a wage of £300 a week is unlikely to subconsciously accept a loss of £300 , because it is equivalent to their weekly living income , even though he could earn £2,000 per week from trading.

Each of the above factors that define a comfort zone are a subject in themselves.
There is also free google search with so much unbiased information on trader's comfort zones and discussion videos on comfort zones.Here are a few to start the education on your comfort zone.

https://2ndskiesforex.com/trading-s...termines-successful-forex-trading-psychology/




https://www.brainyquote.com/quotes/keywords/comfort_zone.html
 
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Apr 3, 2017
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#3
Trading would be easy if losses involved anything else other than money.
A successful trader mindset is required , that is ready and prepared to lose real money , for risk of loss in their subconscious , a probability based mindset , prepared for exit of the breakdown of trends and failure of market timing tactics.
 
Apr 3, 2017
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#5
For some reason you remind me of this guy



Thought I'd join in the youtube video link spam
You are the perfect example for psychoanalysis of a trader , trading in his comfort zone on occasions , on other occasions somebody who has no comfort zone .One can perform a psychoanalysis on the trading in this thread.

http://www.trade2win.com/boards/trading-journals/225128-brewskis-leverage-abuse.html
 

brewski1984

Well-known member
Sep 9, 2010
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#6
Apr 3, 2017
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#7
Great thread wasn't it, and that last trade put me at an overall profit(y)
Good for psychoanalysis but dangerous for new traders to copy trades .

The Dax trade was ok but the stop loss was too tight to profit .Is this because you are too scared to lose money?If you had put a wider stop , you would have made about 200 ticks IMHO.

Do you do this because you are not willing/comfortable with losses of wider stops?
 
Sep 8, 2015
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#9
I didn't get it why the comfort zone is bad for a trader. For example, I'm comfortable trading at a risk of 1%. Is it bad and how can it ruin my trade?