Sunday, September 9, 2018

Know no Fear


"Remember, the best traders think in a number of unique ways. They have acquired a mental structure that allows them to trade without fear and, at the same time, keeps them from becoming reckless and committing fear-based errors" - Trading in the Zone

In order to stay long in this game, I needed to have my fears in check.  Trading involves a lot of risk and I need to prepare myself physically and mentally.  The goal is execute trades mechanically and without emotions.  After reading those chapters related to fear and risk only then did I realize that the market really is just a game of emotions because all of the traders are trying to execute their trades based on their decisions which is mainly driven by their current state of mind which is heavily influenced by their emotions.  I am still struggling with depression hangover and I hope this journey in trading improves my mental well being as I first focus on building on the intangibles

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