"People fear what they don't understand and hate what they can't conquer." - Andrew Smith.
As a human being, it is natural for us to fear the unknowable. Trading is unknown. Trading is uncertainty. That is why we fear the market. But fear causes us to over analyze the market. Fear causes us to miss the obvious indicators that the market gives us. Fear creates a sense of insecurity. We look all over the places for technical indicators that guide us in the trade. We look all over for different methodologies of trading. We look all over for different gurus that teach us how to trade. Unfortunately, that is not the answer.
Most successful traders in the community have their own set of rules and guidelines that they develop over time. The rules and guidelines are strictly correlating with the owner's personality and perspective.
Unfortunately, and fortunately for me that I came to discover this fact after almost half a year in the challenge. A lot of time, I watch video lessons, DVDs, and books to improve my knowledge. I studied all successful traders out there to see how they did it. I thought that if I trade like them, maybe I will be successful too. Wrong! Wrong! Wrong! Example: I was never comfortable buying dip off a huge panic, so why do I feel the need to do exactly what Tim S does? Just like Tim S himself was uncomfortable "copied" Roland's style at the conference!
In a way, improving my knowledge helps me look at the market with a different view. Nevertheless, I should not have lost myself in the process. From now on, I will only study and trade the setups that I am comfortable with. Like Tim B always say, "Keep it Simple, Stupid".
P/S I know all the gurus preach about this ALL THE TIME. I'm just too stubborn to realize it!
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