Recognize The Fear And Prepare

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Recognize the Fear and Prepare Accordingly By Noble Drakoln | Submitted On June 23, 2013 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Noble Drakoln No matter who you are or your length of trading experience, there is a consistent set of demons nipping at your heels: fear and greed. These two psychological pressures tear into you and make it difficult for you to find equilibrium in your trading. There are many great books that talk about how to improve your psychology. A trader philosophy of "Think better, be better" is being promoted. Somehow through the sheer force of will and discipline, maybe even some form of self-hypnosis, you can undo nature 's evolutionary handiwork of "fight or flight" and become an emotionless super trader! While this is a lofty ambition shared by many and promoted by many, the truth remains that you are not an automaton. While I have no doubt that there are the "Michael Jordans" of trading who are so in control of their emotions that fear doesn 't bother them, greed never affects them, and everyday is Christmas, I have met few traders who exhibited those characteristics. Of the few that I have seen, even fewer have been able to sustain that sterile
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