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DAY 30 - TIPS ON HOW TO FREE YOURSELF FROM FEAR

alifari Posted 30 Aug.  in #Trader's blog #Fear #Greed #Tips
Tips on How to free yourself from Fear & Greed

  • Have a trade plan and stick to it.

  • When you trade, have ZERO things that show your account balance ever. If you see no $ value on the chart you will think rationally, rather than emotionally and will trade what the chart is telling you.

[list][/list]…
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megajorko avatar
megajorko 31 Aug.

Very well said. I totally agree with you

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DAY 29 - FEAR, GREED & EGO

alifari Posted 29 Aug.  in #Trader's blog #Fear #Greed #Ego
We always fight our hidden demons, weaknesses, 'know it better', FEAR & GREED. Those two plus one's EGO can lead to self destruction of a trader. Big leverage, rush and greed will put you crying in a fetal position one day and it's not a pleasant experience.
Slow and steady, and capital preservation will do miracles to your account over time. What's most important is to look back and see what went wrong or what worked and always seek improvement.
You can show a 10 year old kid a method and he/s…
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A devilish triangle of impatience, fear and greed ...(3)

robinson24 Posted 8 Aug.  in #Trader's blog #Greed
Greed is the third thing that can bring us to our knees. An old trader once told me,
that one must show the market of humility. "Take what you want", he said to me, "and leave the rest to others :-)))) " confuse
we humility not with fear. Humility means also "respect".
Activities and finish the trade for that day
immediately if a single loss. Do you always jump with stop-courses and
Do not out of greed behind a missed opportunity. And very, very important: keep your trading volume on the accepta…
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Polinka avatar
Polinka 9 Aug.

good luck

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Trading Advice: Are you afraid to trade?

forexgrange Posted 26 Mar.  in #Trading #Forex #Hermin Robillard #Dukascopy #Money #Fear #Greed
I had received questions from traders, and in many of them I overview the fear to trade. Is this your case too? And over the years I have in the trading environment, I hear about new traders, novice, experienced traders etc. but I can conclude that we have only have "good traders" and "not so good traders". To be good trader, of course you need knowledge and skills that require times and patience, but someone can have years trading and still be a "not so good trader" because only times can't giv…
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Alexana5 avatar
Alexana5 26 Mar.

Ofcourse :) Trading this is a skill, and you need to learn it, if you have an instruction a rules, its makes you learning better and faster, than making your own mistakes.

forexgrange avatar
forexgrange 26 Mar.

Making mistakes learning the trading game is something natural and normal. But, the only thing you have to be careful about it's "...to not die trying..." For example, big mistakes in money management can cost a trading career... And I always believe that if you don't have good MENTOR who really know the trading universe, it will be hard life to survive in the forex trading market...

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“Dilemma followed by Regrets – Any solutions?”

A15612P Posted 8 Jan.  in #Emotions #Greed #Dilemma #Tradestrategy #Regrets
Hello All,
Greetings!
As we know that the contest result for Dec 2013 is out, I would like to especially congratulate the winners, and say good luck to all the
rest of the contestants.
Today’s topic I wanted to discuss about is “Dilemma followed by Regrets – Any solutions?”
I am sure that all of you have experienced this situation one time or the other. Some of you may even have overcome it. But at the same time, there may be many out there who are still left out with nothing but to wonder about…
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jezz avatar
jezz 8 Jan.

Do not try to lose more than you can afford... that includes money as well as emotions... competition is not the same. Otherwise, if the market is going really for you, just set the SL above the price you bought so to guarantee a profit (not possible in trader contest)

Daytrader21 avatar
Daytrader21 8 Jan.

Part of the solution has already been given out by you. What I can add to your valuable advice is that most often if you can't hold your position after it has gone in your direction is partially because your type of personality want instant gratification and you most likely are better off if you're doing short term trending rather than long term trading. Secondly one way to shift the odds in your favor is by knowing the market microstructure that you're trading, this gives you the advantage to make a better judgement if the move is genuine or not.

A15612P avatar
A15612P 9 Jan.

Absolutely!!!

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The difference

sabiri Posted 5 Dec.  in #Trader's blog #Greed #Politics
One day a florist went to a barber for a haircut. After the cut, he
asked about his bill, and the barber replied, 'I cannot accept money
from you, I'm doing community service this week.' The florist was pleased and left the shop.
When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.
Later, a cop comes in for a haircut, and when he tries to pay his bill,
the barber again replied, 'I cannot accept money from you, I'm doi…
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