Type: 3 Fear - Fear of Leaving on the table (After taking trade)
Believe me there is no such table here ....
Jokes apart have you ever thought why we are not what we might be , what is that problem which is creating a difference between our potential and our reality. I think that is our belief system every emotion whether it be of fear, greed, jealousy or any other emotion.
Let me explore more on the relation of belief with emotions. Let us consider you live in village where you have Maruti Alto 800 and nobody in the entire village have a car or had a car before, you are the first one ok. You feel good about your car or bad , obviously you will proudly ride your car and may feel elated when people ask help or praise your car.
Second scenario: Let us consider you now living in a city where you have Maruti Alto 800 and everybody in your colony , people you work with have Maruti Alto 800 will you feel the same way you felt before in the village about your car. Or what if people around you have more valuable assets than your assets , will you feel the same way.
So why our feelings changes , because in depth in our belief we strongly think that having luxurious items which other’s can’t afford is good ,is more appreciable , is respectful , admirable , more acceptable by society. We all are crowd seekers you admit it or not we always feel good when we get accepted by crowd.
Let me take another example, suppose you in childhood had a very bad experience with dogs they bitten you they ran after you and all terrible experience you had in the past, will you play with dogs if any playable dog approaches you in a garden probably not, you will see everybody enjoying with dogs but you are fearful of it. Can you control your emotion of fear, probably not so is there any way out there? You just now believe that all dogs are dangerous.
What happens when we had several experience with trades where we saw big profit but at the end booked loss. What will happen to your mindset when you seeing that your target is getting missed by just 1 pip or 5 paisa whatever the minimum spread, and at the end you got out on SL.? What if you see series of such trade in a month?
Now you doubt on your system, your strategy. Am I right at this point? Let me know in comment. You may think that leaving that open profit for that potential target might be not a good decision.
You always think that there is something missing, you have to do something to minimize this losses.
Is there any way to not book in a winning open position? Is there anything we can do with those trades where open position profitable at some point of time. I tried back testing of around 15 years on more than 200 scrips spent a lot of money on buying past data.(the data earlier have to be bought ,nowadays it is free of cost) . After that rigorous search for that Holy Grail solution of this terrible problem. Plane and simple thing there is NO SOLUTION at all, trade may go into your favour for some time and suddenly it can go straight to take your SL. Prices are random your part is to execute trades on time according to your plan. That’s it …….
As we can overcome our fear of dogs by starting to spend time with small dogs (puppy) same way we can minimise our risk per trade to a level where we have no fear of losing that on a single trade. Every improvement in your belief system will take time, effort and ACCEPTANCE.
Jokes apart have you ever thought why we are not what we might be , what is that problem which is creating a difference between our potential and our reality. I think that is our belief system every emotion whether it be of fear, greed, jealousy or any other emotion.
Let me explore more on the relation of belief with emotions. Let us consider you live in village where you have Maruti Alto 800 and nobody in the entire village have a car or had a car before, you are the first one ok. You feel good about your car or bad , obviously you will proudly ride your car and may feel elated when people ask help or praise your car.
Second scenario: Let us consider you now living in a city where you have Maruti Alto 800 and everybody in your colony , people you work with have Maruti Alto 800 will you feel the same way you felt before in the village about your car. Or what if people around you have more valuable assets than your assets , will you feel the same way.
So why our feelings changes , because in depth in our belief we strongly think that having luxurious items which other’s can’t afford is good ,is more appreciable , is respectful , admirable , more acceptable by society. We all are crowd seekers you admit it or not we always feel good when we get accepted by crowd.
Let me take another example, suppose you in childhood had a very bad experience with dogs they bitten you they ran after you and all terrible experience you had in the past, will you play with dogs if any playable dog approaches you in a garden probably not, you will see everybody enjoying with dogs but you are fearful of it. Can you control your emotion of fear, probably not so is there any way out there? You just now believe that all dogs are dangerous.
What happens when we had several experience with trades where we saw big profit but at the end booked loss. What will happen to your mindset when you seeing that your target is getting missed by just 1 pip or 5 paisa whatever the minimum spread, and at the end you got out on SL.? What if you see series of such trade in a month?
Now you doubt on your system, your strategy. Am I right at this point? Let me know in comment. You may think that leaving that open profit for that potential target might be not a good decision.
You always think that there is something missing, you have to do something to minimize this losses.
Is there any way to not book in a winning open position? Is there anything we can do with those trades where open position profitable at some point of time. I tried back testing of around 15 years on more than 200 scrips spent a lot of money on buying past data.(the data earlier have to be bought ,nowadays it is free of cost) . After that rigorous search for that Holy Grail solution of this terrible problem. Plane and simple thing there is NO SOLUTION at all, trade may go into your favour for some time and suddenly it can go straight to take your SL. Prices are random your part is to execute trades on time according to your plan. That’s it …….
As we can overcome our fear of dogs by starting to spend time with small dogs (puppy) same way we can minimise our risk per trade to a level where we have no fear of losing that on a single trade. Every improvement in your belief system will take time, effort and ACCEPTANCE.
Comment:
if you have any better solution for this fear let me now in comment
