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Originally Posted by RobinHood
I accept this for what it is namely a psychological problem/barrier that needs to be beaten dead with a stick ASAP. Please if there is any experienced traders out there who has some sound advice of techniques I could try/practice to correct this last major hurdle in my trading career I would be for ever in your debt.
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I think that it is said best in Edwin LeFevre ROASO
"The speculator's chief enemies are always boring
within. It is inseparable human nature to hope to fear.
In speculation when the market goes against you -- you hope that
every day will be the last day you lose more than you should
had you not listened to hope -- to the same ally that is so
potent a success-bringer to empire builders pioneers big
little. when the market goes your way you become fearful
that the next day will take away your profit you get out
too soon. Fear keeps you making as much money as you ought
to. The successful trader has to fight these two deep-seated
instincts. He has to reverse what you might call his natural
impulses. Instead of hoping he must fear; instead of fearing he
must hope. He must fear that his loss may develop into a much
bigger loss hope that his profit may become a big profit."
Going as you say full time is definitly more pressure. I re-read a book every 3 months or so. "The Power of Now" by Eckhart Toelle. It reminds me to stay present. One filters each moment in his mind based on what he knows (experience). But if what you know is fundamentally flawed then your 'filter' will give you flawed results. Staying 'present' has helped me it may be an answer for you.
I wish you luck.