The next trade…
… take it.
Afraid of what might happen.
That’s the whole thing.
You see a setup – you trade the setup.
When you see a setup, there are no more what-ifs, supposings or anything. Then, it’s just you and the trade. Take the trade.
No room for f-(ear). It’s the new f-word.
How do you drive fear out of the equation?
Risk a miniscule fraction of your networth per trade.
Don’t make trading your bread and butter. Make it your bonus.
Don’t allow anyone else’s negativity to creep in. Don’t talk to people. Trade on your own. No room for tips.
Don’t listen to your broker. Tell him what to do.
Don’t trade under compulsion.
Enjoy your trading.
Once in the trade, lose the mini-bias that got you in. Now, just manage the trade.
Stop hit? You’re out.
Keep raising stop.
Losing some of your notional profits? Market throws you out?
Good. That’s a proper exit.
See, fear wasn’t allowed to the party.
Look for next setup.
Position-size your entry.
Take the next trade.
And so on and so forth.
Not upto trading?
Ok. Don’t trade. Till you’re up to it.
Demons out of the way?
Up to trading again?
See the next setup?