hi,
I've had my fair share of getting my a** whooped around over the years. The emotional pain attached to trading is incredibly real to me.
Depressive phases, feeling inferior and not worthy, apparently being the only trader in the world that was not making money, you name it.
Aside from having a, excuse the arrogance, good understanding of how particular markets move/operate at particular times of the day, i have found that one of the biggest hurdles to overcome for mewas is trusting myself.
I do not mean that from a technical perspective, or having the "right" system. With any system, there is a margin for discretion/error, and simply circumstances where you skip the setup. That's where this motion of not trusting myself kicks in still.
I realize that FOMO is a thing, and statistical evidence of your trading history should alleviate the FOMO feeling.
Personally speaking, FOMO is only one of my symptoms that tell me I don't trust myself all the time (although it has gotten a lot better over the years).
It's this constant fear that trading will fail, although I have taken many precautions, such as rigid risk management, and generally speaking I have a lot of patience to wait for the "best" setups.
Despite having improved my results over the years, I can't seem to shake this existential fear, and properly trust myself.
I wondered if any of you have had similar experiences, and
1) would you mind sharing your experience?
2) what did you do to overcome/manage this better?
If you're reading this, and feel like it's something you've been experiencing, but struggling to articulate (I know a bunch of people who were in this very boat without being able to spell it out lol), just join the discussion and share your struggle.
Thanks
s
I've had my fair share of getting my a** whooped around over the years. The emotional pain attached to trading is incredibly real to me.
Depressive phases, feeling inferior and not worthy, apparently being the only trader in the world that was not making money, you name it.
Aside from having a, excuse the arrogance, good understanding of how particular markets move/operate at particular times of the day, i have found that one of the biggest hurdles to overcome for me
I do not mean that from a technical perspective, or having the "right" system. With any system, there is a margin for discretion/error, and simply circumstances where you skip the setup. That's where this motion of not trusting myself kicks in still.
I realize that FOMO is a thing, and statistical evidence of your trading history should alleviate the FOMO feeling.
Personally speaking, FOMO is only one of my symptoms that tell me I don't trust myself all the time (although it has gotten a lot better over the years).
It's this constant fear that trading will fail, although I have taken many precautions, such as rigid risk management, and generally speaking I have a lot of patience to wait for the "best" setups.
Despite having improved my results over the years, I can't seem to shake this existential fear, and properly trust myself.
I wondered if any of you have had similar experiences, and
1) would you mind sharing your experience?
2) what did you do to overcome/manage this better?
If you're reading this, and feel like it's something you've been experiencing, but struggling to articulate (I know a bunch of people who were in this very boat without being able to spell it out lol), just join the discussion and share your struggle.
Thanks
s