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Finally got a courage to act, took one long at 50% of ADR_L by seeing oil about to turn and exited at about 50%ADR_H because it's still a counter trend trade.
Can you help answer these questions from other members on NexusFi?
Did few dumb mistakes like putting an overnight order (good thing was put a stop) but still managed pull out some 135 YM points out of market, not great when compared to other but good enough for me to close the week green.
Your sub-conscious is nothing but the neural pathways that has been established in the brain as a result of your past beliefs and conditioning. These pathways are like any other muscle in your body, they grow stronger if you work them out. When you work with the fear, try to resist them or inject positive thinking to avoid the fear, you are unconsciously working them out, giving them focus and attention. The only way to release the fear is to allow it, consciously allow it so that it will eventually loose its momentum. Having a bigger profit is not eliminating the fear, it is just masking it using mental tricks like playing on house money etc. Instead try allowing the fear, understand your reason behind it and consciously release it so that it will loose its momentum on you.
Very true not just in trading but in everyday life too...thanks to you I have been observing my everyday activities, thought process etc. etc. for example if I am fearful/angry I am trying to find the root cause and started analyzing and trying to calm down with deep breath and slow exhalation technique as suggested in this book
The trend I am noticing all these psychology books, articles etc. etc some of them related to trading and some or not related to trading the main technique to start with is this breathing technique. Still long way to go for me but atleast I think I am on right path and in right company like you and many helping experts in this forum. Thanks once again.
