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Just BEING a Trader: Letting Go!!


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Just BEING a Trader: Letting Go!!

  #11 (permalink)
 
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 Daytrader999 
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Great post!

Definitely something to read and think about every single day before you enter the battlestation....

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #12 (permalink)
 
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 iqgod 
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Here is a good method to get a grip on Fear... to remember that you are not your Fear.

Practical Fear Mastery


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  #13 (permalink)
 
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 iqgod 
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Perfectionism


What happens when we are riddled by perfectionism


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  #14 (permalink)
 
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 iqgod 
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After Perfectionism, I would like to point out the subtle trap of Consistency!!

Be consistent with your approach, habits and methods, but making widgets out of every market analysis and trying to robotically execute is a silent killer!!!

Before you protest, read on and then decide...


Overattachment


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  #15 (permalink)
 
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 iqgod 
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There are two aspects I battle daily... one that stokes my ego that says 'You have gone pro, baby' which sets up a sure sore losing trade as if to remind me.

The other is the always haunting Anxiety when entering or when in a trade.

Anxiety buster that I use daily (using a pen and paper):



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  #16 (permalink)
 
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 iqgod 
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The other way we use anxiety is what seems to us 'productive'.


Since we are so anxious about what will happen next, we try to remove that uncertainty.

We endlessly analyze, analyze, analyze.

In fact, we do this to such an extent that we seem to be using our 'anal eyes'


And the whole thing is nothing but insanity - going bonkers to find certainty in a market where uncertainty is more of a given than stability.

So what's the way out?

At some point, we realize that Everything is in front of us,

Realize!

Use your 'real eyes'!


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  #17 (permalink)
 
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 iqgod 
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And, if you are on a profitable streak, which everyone goes through until there aren't:


Withdraw periodically


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  #18 (permalink)
 
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 iqgod 
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You are profitable (or even break-even)?

Great!

Now look out for this hidden iceberg lurking - I've dealt with this one, more times than I'd like to mention:



Hidden Motives


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  #19 (permalink)
 
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 iqgod 
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Mind open to learning AND accepting responsibility



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  #20 (permalink)
 
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 iqgod 
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I made money yesterday, but the day before I had five losing trades in a row.

All of them were ES longs in a raging bull market (yesterday the market traded both ways, this is about the day before), but all of them were stopped out.

But I am not proud of those five trades, I took them in 'wrong' places - I lost a little in each, so not an expensive lesson.

But many a time losers happen and there isn't anything I would have done differently in each of those trades - - they are variance' way of saying that the market is the market.

You need to be you.

Every trader is unique and different which is why there are so many varied methodologies making money.

Genuineness. Trade from the heart. (and once that happens there won't be emotional trading anymore)


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