"The only thing we have to fear is fear itself"
Franklin D Roosevelt
EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.
Fear is the natural opposite of Greed when it comes to emotions in Forex trading and dividend investing. Anytime money is on the line actually.
Being human, we will succumb to emotions that's just how that is. I see successful traders mention that even after years of being profitable and knowing better that they still have "oops" moments. It is a big encouraging for us starting out to know that its a problem for everyone.
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
By 1:01 Man ... I get out of trades so fast ... It's actually a little weird. :^) It's how I developed my entire "shredding" strategy when I realized exactly what you said by 1:55.
ReplyDeleteI've always publicly admitted, I take profits way too fast. I just had to figure out a way to where I could stay in the trade, and satisfy my natural psychological build. The shredding method was a perfect way to "fight the fear".
:)
Oh ... and another thing I've found that often found that helps me fight the fear.
ReplyDeleteLower my position size. Man ... good lord does that help me think more clearly ...
D