Eliminating Fear In Trading Part 2.

Trading can be a stressful and emotional experience, and fear is a common emotion that many traders struggle with. Fear can lead to poor decision-making, hesitation, and missed opportunities. Fortunately, there are several strategies that traders can use to eliminate fear and trade more effectively.

One key strategy for eliminating fear in trading is to develop a solid trading plan. This plan should include specific entry and exit points, as well as a clear risk management strategy. By having a well-defined plan, traders can approach the markets with greater confidence, knowing that they have a roadmap for success.

Another important strategy for eliminating fear is to focus on the process, rather than the outcome. Traders should focus on executing their trading plan consistently and accurately, rather than worrying about whether they will make a profit on any given trade. By focusing on the process, traders can avoid getting caught up in the emotions of winning or losing, and remain focused on their long-term goals.

In addition to having a solid trading plan and focusing on the process, it's also important for traders to trade without feelings. Emotions such as fear, greed, and hope can cloud judgment and lead to poor decision-making. Traders should approach trading as a business, and make decisions based on objective analysis and data, rather than emotional reactions.

To trade without feelings, it's important to develop a trading system that is based on objective criteria, such as technical analysis or fundamental analysis. This system should be backtested and proven to be effective over a long period of time. Traders should also have a set of rules for entering and exiting trades, and should stick to these rules regardless of their emotions or current market conditions.

In conclusion, fear is a common emotion in trading, but it can be eliminated through the use of a solid trading plan, a focus on the process, and trading without feelings. By approaching trading as a business and making decisions based on objective criteria, traders can eliminate fear and make more effective trading decisions. By sticking to their trading plan and following their rules, traders can achieve long-term success in the markets.

Eliminating Fear In Trading

Trading can be a daunting task for many people, especially for beginners. The thought of losing money can be terrifying, leading to a sense of fear that can prevent traders from making rational decisions. However, if you follow the trading rules, it can help eliminate this fear and help you make sound trading decisions.

One of the essential rules of trading is to have a well-defined edge. An edge refers to a set of conditions that, when present, make it more likely that a trade will be successful. This can include factors such as technical indicators, fundamental analysis, or a combination of both. By having an edge, traders can have confidence in their decision-making process, even when they lose a trade.

When traders know they have an edge, they can approach trading with a sense of detachment, which can help eliminate fear. Instead of feeling emotionally attached to a trade, traders can view it as just another trade, one that is part of their overall strategy. This allows them to focus on their edge and make rational decisions based on the information available, rather than being driven by fear or emotion.

Another key rule of trading is to have a solid risk management strategy in place. This means having a clear idea of how much you are willing to risk on each trade and having stop-loss orders in place to limit potential losses. By managing risk effectively, traders can minimize the impact of any losses, further reducing the fear factor.

It's also important to remember that losing trades are an inevitable part of trading. No trader can win every trade, and losses are simply a cost of doing business. By accepting this fact and focusing on their edge, traders can remain calm and composed, even in the face of losses.

Following trading rules can also help traders avoid making emotional decisions, which can be one of the biggest contributors to fear. By having a clear set of rules to follow, traders can take the emotion out of their trading decisions, helping them stay focused on their edge and avoid making impulsive decisions based on fear or greed.

In conclusion, following the trading rules can help eliminate fear, even in the face of losses. By having an edge, solid risk management, and a set of rules to follow, traders can approach trading with confidence, knowing that they have a strategy in place that is designed to succeed over the long term. While losses may still occur, traders who follow these rules will be better equipped to handle them and remain focused on their overall trading goals.

The Way Ahead...

I know it has been quite some time since I posted, but here is the thing: I want to be transparent as I can be.

The causes that hold me back are many. Mostly life itself. I was dealing with health issues all this year starting right after the 2nd day of January, and I was in the hospital as well.

But, while I was laying in my hospital bed I was still eyeballing my charts as much as I could. I was learning still while pipes were sticking out of me and I was fed through a tube. My purpose was still clear though! 

I kept saying to myself: "There is no option B!"

And really... there is non! This is my only way! Why? - you may ask

Because I have made big mistakes in my life, very very big ones, and I want to rise again, not just financially but emotionally too.

Trading in the financial markets is an opportunity to print your paychecks! How awesome is that? But it takes a huge amount of learning time and energy-wise as well! 

I remember back in 2007 when I first encountered the Forex markets, I thought a trading robot will make me rich LOL 😅 How stupid was I? OMG! 😵

There are no shortcuts to success, not in any kind of aspect of life. If I want to be a successful and constantly profitable trader, I have no choice but to go over everything through the learning curve.

NO SHORTCUTS!

Back to the main point and reason why I'm posting this:

If I look at the brief "game plan", my best option to raise capital is to go with a funding company (as many other traders do nowadays). Let's be honest, nobody would be able to change their life by trading only a few hundred or even a few thousand dollars.

I have blown several funded challenges already. I even had a funded account that was blown in one week. I was greedy. I was overtrading and heavily overleveraging, just as many other struggling traders do in the industry.

I came to the realization that my biggest obstacle is not having enough discipline. In more detail, that means, I wanted to take every setup, every trade I could. I was forcing setups that were not even there in the first place. They were not A+ setups, and with a clear mind, I only want to focus on the best high-probability trades.

Have to exercise discipline... So I'll try to stream sometimes on an unregular basis, and I want to focus more on logging and analyzing my trades, mostly the ones I lose. I have already journaled my trades and from now on I'm going to write my thoughts for the day or the week. Need to keep on track with my everything.

This is it for now... 

To be continued. I have some more still to tell... and I might need some help or inspiration... I'll get to that later.

To All The People Around Me Who Don't See What I See

Many people don't understand and don't see all effort I'm putting into trading. I sacrificed time, money, relationships, free time, and everything to make this work. Nobody sees it yet, Nobody sees what I see. I'm alone! I was always alone like on a deserted island. Real life is just noise to me. Deep inside I know what I want, even if it takes all my energy. The proof is on the way! Proof that I can be more and give back much more to the people around me.

You don't see me, because I'm hiding... I'm alone and training my mind for the ultimate, so my soul will soar like a comet! I'm the one who is up all night while you are asleep and living your life as it was programmed to be! You obey the rules and fade away into the greyness. Memories will fade as well, and time will consume you and all of us! But I'm going to fight and break through until my last breath. 

People are insincere! People will talk dirty s**t behind your back! People believe gossip more than facts! 

I don't care about them anymore, I have a much more important purpose now, and I know God will guide me through.

A change is coming! Mark my words! All you haters can have your moment now, but the change will come! And I will remember! But don't worry I will still smile into your face.

I keep on working now, you just go to sleep and live your grey life!