Your thoughts on fear's trading impact | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Why your broker is your friend and your enemy 8 replies

Why Use Multiple Trading Strategies? Your Thoughts! 5 replies

Your thoughts on these three brokers 1 reply

Price bouncing off support or resistance,your thoughts 11 replies

Your thoughts on taking "Perfect Storm" trades? 4 replies

Your thoughts on fear's trading impact

  • #1
  • First Post: Jun 9, 2013 2:54pm Jun 9, 2013 2:54pm
I'm a huge sci-fi fan. I just saw After Earth and thoroughly enjoyed it. While watching this quote stood out as something I thought pertinent to our business of trading. I thought I would share it with you and get your reaction.

"Fear is an illusion created by the mind's thoughts about the future. Fear is not real. It is the product of thoughts you create. Don't misunderstand me. Danger is very real, but fear is a choice. "

Something to consider...good luck in your trading.
  • #2
  • Jun 9, 2013 5:17pm Jun 9, 2013 5:17pm
as the viking herger the joyus says in the 13th warrior , 'fear profits a man nothing'......

//------

lo there do i see my father,
lo there do i see my mother, my sisters and my brothers ,
lo there do i see the line of my people, back to the beginning.
lo, they do call me, they bid me take my place among them, in the halls of valhalla, where the brave may live forever .....

//---
.....h
to trade and code, keep both simple... no call to impress....h
  • #3
  • Jun 9, 2013 5:20pm Jun 9, 2013 5:20pm
Quoting gspajon
"Fear is an illusion created by the mind's thoughts about the future. Fear is not real. It is the product of thoughts you create. Don't misunderstand me. Danger is very real, but fear is a choice. "
Problem is: Danger without Fear = death

(Go pet a wild tiger and see what happens)

Fear is good.
  • #4
  • Jun 9, 2013 6:32pm Jun 9, 2013 6:32pm
Quoting Mingary
{quote} Problem is: Danger without Fear = death (Go pet a wild tiger and see what happens) Fear is good.
Your demons will destroy you.
Fear not and prosper.

If you're afraid of the tiger, slay it.
Your demons and fear removed

You live your life as it was intended
to be.

(though a certain amount of realism

should be involved)

Prehistoric instinct versus being rational ????

idk
When the Joker is in the deck.. fear not and play it well
  • #5
  • Jun 9, 2013 6:45pm Jun 9, 2013 6:45pm
"Settle down, it'll all be clear
Don't pay no mind to the demons
They fill you with fear
The trouble it might drag you down
If you get lost, you can always be found"


Inserted Video



C'ya
When the Joker is in the deck.. fear not and play it well
  • #6
  • Jun 9, 2013 6:47pm Jun 9, 2013 6:47pm
Quoting gspajon
I'm a huge sci-fi fan. I just saw After Earth and thoroughly enjoyed it. While watching this quote stood out as something I thought pertinent to our business of trading. I thought I would share it with you and get your reaction. "Fear is an illusion created by the mind's thoughts about the future. Fear is not real. It is the product of thoughts you create. Don't misunderstand me. Danger is very real, but fear is a choice. " Something to consider...good luck in your trading.

Inserted Video
if there is something you should keep secret,simply just save it,, so, just
  • #7
  • Jun 9, 2013 7:08pm Jun 9, 2013 7:08pm
Quoting Mingary
{quote} Problem is: Danger without Fear = death (Go pet a wild tiger and see what happens) Fear is good.
Have to disagree on that...I would say the opposite...Danger WITH fear = death. Be it primitive instinct or trading...all fear will do is cause you to freeze or provoke the object of your fear.

Recognizing the danger and dealing with it requires one to control or at least suppress one's fear so that appropriate action can be taken.

Fear is a primitive means to recognize danger...that's all...you wouldn't go pet the tiger at the zoo because you recognize that as being dangerous not necessarily because you are afraid of the tiger...in fact I personally find myself very attracted to the tiger for his/her beauty and strength...but again my fear has nothing to do with that...only that I know intellectually that that will most certainly cause great physical pain if not death.

Fear is only a primitive means of recognition...I personally feel I have evolved beyond that...I can recognize danger intellectually and leave fear out of the equation...I hope.
  • #8
  • Edited 1:40am Jun 10, 2013 1:18am | Edited 1:40am
Quoting gspajon
{quote} Have to disagree on that...I would say the opposite...Danger WITH fear = death. Be it primitive instinct or trading...all fear will do is cause you to freeze or provoke the object of your fear. Recognizing the danger and dealing with it requires one to control or at least suppress one's fear so that appropriate action can be taken. Fear is a primitive means to recognize danger...that's all...you wouldn't go pet the tiger at the zoo because you recognize that as being dangerous not necessarily because you are afraid of the tiger...in fact...
Quoting Slim Buffett
{quote} Your demons will destroy you. Fear not and prosper. If you're afraid of the tiger, slay it. Your demons and fear removed You live your life as it was intended to be. (though a certain amount of realism should be involved) Prehistoric instinct versus being rational ???? idk

My goodness what can I say...
Using the tiger analogy.

You conquer your fear and pet the tiger - you get mauled and killed that's what tigers do.

Another analogy.
You are a soldier in the trenches in WWI. You are pissing your pants with fear because you have to raid the enemy trench 200 meters away.
Your fellow soldier tells you he is not afraid.

You both come out. You both get your heads blown off - that what wars do.

A forex analogy.
You have conquered your fear of losing. i.e. you don't freeze when you have a signal.
You place the trade - you lose. And the next, and the next ... that's what trading the financial markets does.

In all these examples fear would have kept you alive and safeguarded you money.

The most destructive enemy is not fear.

Hope is the true enemy.
Hope that if you pet the wild tiger he will start purring
Hope that if you get out of that trench you will survive and see your family again
Hope that your forex system will make you a millionaire.
  • #9
  • Jun 10, 2013 2:09am Jun 10, 2013 2:09am
What a great discussion. Very thought provoking. I respectfully disagree with the previous post. Both Fear and hope can do a trader great harm. I think it comes down to which you are more predisposed to. I'm more of an optimist so have to worry more about hope than fear, but that's just my make up.
FF journal: Peaks and Troffs
  • #10
  • Jun 10, 2013 11:37am Jun 10, 2013 11:37am
anyone that would pet a wild tiger probably has much more urgent issues to deal with than fear.....
//-----

everyone will deal with fear in their own manner..... i just choose not to live my life embracing or relishing fear so my preference is to avoid it......

to each her own.......h
to trade and code, keep both simple... no call to impress....h
  • #11
  • Jun 10, 2013 11:59am Jun 10, 2013 11:59am
Fear in itself doesn't help or hurt your trading. Fear, like all other emotions, impacts your trading based on our strategy. If I have a great strategy but I'm very fearful, then it will hurt my trading performance. If I have a terrible trading strategy, then fear may help my performance because I may be scared to trade. Being fearless can be just as bad for your trading account. The idea is to trade without any emotion at all.
  • #12
  • Last Post: Jun 10, 2013 12:48pm Jun 10, 2013 12:48pm
Its a cute statement...but the reality is different....fear is all powerful....after all the pioneers were the ones with arrows in their backs.

'sometimes cowards do survive"-starscream to megatron
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
0 traders viewing now