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Fear Bassed Errors
Fear Bassed Errors
1. Anything can happen why Because there are always unknown forces
2. You dont need to know what is going to happen next to make money
3. Because there is a random distribution between wins and losses for any given set of
variables that define an edge
Trend is your friend it means you have a higher probability of suscces when you are
in a trade in the direction of the major trend
Predefine your risk before you put on a trade and go through al Probabilities of what can
happen, so you won't be emotional of what can happen up down
Accept that forex has nothing to do with win or lose because there is a random
distribution between variables that define an edge. Its like flipping a coin 50% chance of
winning, 1 trader can change the outcome
To think in probabilities you first need to accept the risk. Predefine your risk. When you
do that you fully accepted the unknown forces and then you won't feel emotional about a
trade (true)
Accept that the market does not creates emotions it only creates up en down tics (true)
how does the market create emotions?
The irony is you wil be afraid of random inconsistent result without realizing
that your random inconsistent aproach is creating exactly what you are afraid of
True be rigid in your rules and flexible in your expactations
If you Aproach trading from the perspective that you dont know what will
happen next you will circumvent your minds natural inclination to make the
Now moment indentical to some eralier experience