Good afternoon, all
This is my last topic which is about emotional hurdles.
All traders will face emotional hurdles as part of an imporant learning curve. It is a mix of fear, anticipation, and greed. Even though we preach each other to be mechanical and to leave emotion out it is far easier said than done.
There are many reasons behind why we feel so agitated and anxious. In my personal thoughts I believe its because,
1. Fear of loss
2. Feeling insecure from/about the lack of capital
3. Greed to make more
4. Uncertain of their own personal ability and the market in general
Points 1,2,3 are straight forward but I would like to spend little more thoughts on point 4. We humans prefer being told what to do. Its one of the basic traits of a human being. Its also why systems that advise trader to enter here when this happens and exit here when that happens is so popular. They are perceived to be the easier road. Traders wont stay long enough to find out if the system does infact work or not. If they persevere, they might find more than they are actually looking for. Accidental discovery or related discovery?
There was a valid reason why I spent the last 2 pages of this thread advising everyone that I come across to practice entries at their own discretion on all time frames, all currency pair, all setups, everyday. Quiet simply there is no other easier way to learn how to trade.
If someone asks me what is some of the important part of my trading success? It is the indepth knowledge on how to enter the market at very good setups. Growth of capital starts from participation but before growth there is the participation. It is how we participate that makes us a pro trader or still a learner. Importance of main weekly/monthly trend, diversification of positions, exponential growth from stacks of positions can only be possible after I participate. Anyone can wildly enter but the professionals know when and where to hit. A street brawler with huge muscles can wildly hit away at a smaller opponent. But this smaller opponent is a professional fighter with much experience. He will evade and dodge until the time is right for a perfect, accurate, deadly strike to the area of maximum impact. This might not look as cool as the bigger fellow but they dont need to look flash to prove their point. Good entries is a must to be a pro trader. You cannot be a pro trader and have bad entries. No such thing. Learning and practicing countless entries teaches you so much more than just entries. I can assure you just from practicing entries, you will also discover that you are able to grasp market sentiments with amazing clarity. As you level up further you will be surprised at some of the things you werent aware of before but now making very clear sense and you could explain it all in great detail. Practicing entries everyday is part of traders self-awakening. What you will learn from this continuous practice is some of the inner traits you hold as a trader. It will be an enlightment.
So what does all this talk of entries has to do with anything in emotional hurdles? It has everything to do with your emotion. Uncertain of ones ability is the very reason why you are experiencing confusion and anxiety. Just like a good driver can anticipate and plan the roads he will be taking in his journey is because he has driven that journey a thousand times. Just like a pro basketball player will stand on the free throw and just know cause he has already practiced shooting from the same free throw line a million times. These experienced individuals certainly dont feel the pang of anxiety from not knowing what to do or what to do next. And this should be us as well. Just like a masterchef cooking his 1000th perfect pasta, we should be entering our 1000th perfect low risk entry. Then our job is done.
And thats that.
Dear all fellow traders, I have contributed last 2 weeks of my time in contributing to this thread. To focus on conveying my thoughts properly and smoothly into your thinking process I entered my posts with great detail. I hope with all sincerity that everyone finds their success in the markets and I would be beamed to hear that later on someone has reached the upper echelon of trading success from my recommended method.
This is not a farewell as such but I would prefer to step back now and continue on with my personal trading and life outside this forum. The whole experience has been satisfying and I feel content for my efforts.
I may or may not be able to reply to your pms or posts and I ask for your understanding.
As promised, I will summarise everything in charts and will post in one long continuous chain of posts either tomorrow or monday. They are currently worked on.
Onward and upward,
G.S
This is my last topic which is about emotional hurdles.
All traders will face emotional hurdles as part of an imporant learning curve. It is a mix of fear, anticipation, and greed. Even though we preach each other to be mechanical and to leave emotion out it is far easier said than done.
There are many reasons behind why we feel so agitated and anxious. In my personal thoughts I believe its because,
1. Fear of loss
2. Feeling insecure from/about the lack of capital
3. Greed to make more
4. Uncertain of their own personal ability and the market in general
Points 1,2,3 are straight forward but I would like to spend little more thoughts on point 4. We humans prefer being told what to do. Its one of the basic traits of a human being. Its also why systems that advise trader to enter here when this happens and exit here when that happens is so popular. They are perceived to be the easier road. Traders wont stay long enough to find out if the system does infact work or not. If they persevere, they might find more than they are actually looking for. Accidental discovery or related discovery?
There was a valid reason why I spent the last 2 pages of this thread advising everyone that I come across to practice entries at their own discretion on all time frames, all currency pair, all setups, everyday. Quiet simply there is no other easier way to learn how to trade.
If someone asks me what is some of the important part of my trading success? It is the indepth knowledge on how to enter the market at very good setups. Growth of capital starts from participation but before growth there is the participation. It is how we participate that makes us a pro trader or still a learner. Importance of main weekly/monthly trend, diversification of positions, exponential growth from stacks of positions can only be possible after I participate. Anyone can wildly enter but the professionals know when and where to hit. A street brawler with huge muscles can wildly hit away at a smaller opponent. But this smaller opponent is a professional fighter with much experience. He will evade and dodge until the time is right for a perfect, accurate, deadly strike to the area of maximum impact. This might not look as cool as the bigger fellow but they dont need to look flash to prove their point. Good entries is a must to be a pro trader. You cannot be a pro trader and have bad entries. No such thing. Learning and practicing countless entries teaches you so much more than just entries. I can assure you just from practicing entries, you will also discover that you are able to grasp market sentiments with amazing clarity. As you level up further you will be surprised at some of the things you werent aware of before but now making very clear sense and you could explain it all in great detail. Practicing entries everyday is part of traders self-awakening. What you will learn from this continuous practice is some of the inner traits you hold as a trader. It will be an enlightment.
So what does all this talk of entries has to do with anything in emotional hurdles? It has everything to do with your emotion. Uncertain of ones ability is the very reason why you are experiencing confusion and anxiety. Just like a good driver can anticipate and plan the roads he will be taking in his journey is because he has driven that journey a thousand times. Just like a pro basketball player will stand on the free throw and just know cause he has already practiced shooting from the same free throw line a million times. These experienced individuals certainly dont feel the pang of anxiety from not knowing what to do or what to do next. And this should be us as well. Just like a masterchef cooking his 1000th perfect pasta, we should be entering our 1000th perfect low risk entry. Then our job is done.
And thats that.
Dear all fellow traders, I have contributed last 2 weeks of my time in contributing to this thread. To focus on conveying my thoughts properly and smoothly into your thinking process I entered my posts with great detail. I hope with all sincerity that everyone finds their success in the markets and I would be beamed to hear that later on someone has reached the upper echelon of trading success from my recommended method.
This is not a farewell as such but I would prefer to step back now and continue on with my personal trading and life outside this forum. The whole experience has been satisfying and I feel content for my efforts.
I may or may not be able to reply to your pms or posts and I ask for your understanding.
As promised, I will summarise everything in charts and will post in one long continuous chain of posts either tomorrow or monday. They are currently worked on.
Onward and upward,
G.S
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