"The sheer vastness of non-being is the reason for fear." Bhagwan...1980
Then one small being...me or you!
To be Fearless we have to go through fear, and this kind of fear, the vastness of everything and the nothingness of one small being, living in a small body on a moving planet within a vast universe.
Go into it, experience the vastness, space travel alone. Soon you will feel safe, secure in the insecurity that somehow you are a part of all this. Soon you will relax and all fear disappears. Breakthrough.
Deliberate practise and visualizing sweet trades, nice profits in a state of fearlessness. Yes...non-thinking ~ AWARENESS!
The following 2 users say Thank You to Shivaya for this post:
I believe that it was Dr. Alexander Elder who referred to this loss as a businessman's loss. Every business owner must accept the fact that he will have losses. There are reasonable and prudent losses one must be willing to endure to make a profit. We cannot eliminate the prospect of suffering a loss. We can eliminate the prospect of suffering excessive losses.
I am amazed at the number of posters who quit posting, but are still poking around. And those who just up and vanish...I do not want to go down that highway.
Bear in mind I am practice trading on Oanda for 15 days now. My entries need a lot of foundational construction. The one sweet spot I have discovered is to cuss at the screen when a trade isn't working and close it out. Of 26 trades for 3 weeks, I have 11 wins and 15 losses for a 42% win rate. In the mix of losses, I have -$34 for 6 of those trades...I am not afraid to bellow f you beech and hit the X when a position fumbles and bumbles. And for that reason I am showing a +$752 profit. Never understood when it was said a successful trader can be had under 50%...I do now. Again, I am only practicing.
In the future, knowing I have the courage to close out trades and donate a few bucks to the broker, makes this venture a lot less stressful. Heck, there is always another trade just around the corner.
The really though part is to keep my "monkey" in it's place when the losing streeks show up.....10 - 20 losers in a row takes a lot of emotional capital away. confidence in your strategy plays a large part in this game.
taking a day or two away from the screen at that point can be a very good idea.