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Trading Fears - Losing money, Missing Out, Being Wrong

  • #21
  • Jan 22, 2010 3:02pm Jan 22, 2010 3:02pm
Quote
Trading in the Zone

I have not read the book but everyone says same thing- It is a must read book to develop trader mindset.
  • #22
  • Jan 26, 2010 8:48am Jan 26, 2010 8:48am
Here is a fear I haven't seen listed and thought to get opinions.

Fear of lack of knowledge - tied somewhat to Fear of Loosing and Fear of being Wrong, this fear is related to being afraid that you don't know enough about Technical Analysis, Fundamental Analysis, and Equity Management to trade effectively with an edge. As you watch a pattern form you wonder, "What am I missing? Did I cover all the bases?"
  • #23
  • Edited 12:34pm Jan 26, 2010 10:29am | Edited 12:34pm
Quoting OmniTree
Here is a fear I haven't seen listed and thought to get opinions.

Fear of lack of knowledge - tied somewhat to Fear of Loosing and Fear of being Wrong, this fear is related to being afraid that you don't know enough about Technical Analysis, Fundamental Analysis, and Equity Management to trade effectively with an edge. As you watch a pattern form you wonder, "What am I missing? Did I cover all the bases?"
I have this: The chart is my teacher. It can push one to excel.

Also, I'd guess that, except when honing that edge, a trader with an edge in the market is well aware of what to do and only awaits opportunity.

So then, it's the acceptance of one edge and replacing or sharpening it when it's dull, to go with.

The first post's list is from behavioral finance, read it somewhere. Nice to have a thread on it.
  • #24
  • Jan 27, 2010 11:53am Jan 27, 2010 11:53am
Quoting OmniTree
Here is a fear I haven't seen listed and thought to get opinions.

Fear of lack of knowledge - tied somewhat to Fear of Loosing and Fear of being Wrong, this fear is related to being afraid that you don't know enough about Technical Analysis, Fundamental Analysis, and Equity Management to trade effectively with an edge. As you watch a pattern form you wonder, "What am I missing? Did I cover all the bases?"

The lack of knowledge is something you can develop by attending course and/or reading posts on this forum. There are all sorts of aspects of trading you can find information on. Do not fear the lack of knowledge as it is staring you right in the eye.
  • #25
  • Jan 27, 2010 12:11pm Jan 27, 2010 12:11pm
Quoting tradefxlive

The lack of knowledge is something you can develop by attending course and/or reading posts on this forum.
Ha, too true!
  • #26
  • May 28, 2016 12:53pm May 28, 2016 12:53pm
Lacking the right knowledge is part of the problem.
The majority opinion and right knowledge is not always the same.
Great thread.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #27
  • Last Post: May 28, 2016 2:29pm May 28, 2016 2:29pm
Really useful thread. Just realized that I need good money management. i'll be on it soon. But if I will hear some advices from you guys, it will be nice
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