Fear not!

I have been scalping lately, and I am pleased with the result thus far. My trading history has not been a smooth one however, and for the past year, I didn't trade much at all. My study in finance at the university provided me with the understanding of the financial market, but trading itself is a different beast.

In my earlier chapter in trading, a 4 figure profit or loss could happen during a day, within the hours or even within the minutes. I could ride the highest high or suffer the lowest low.

The market is driven by two major forces - greed and fear. With a string of losses, it had paralyzed my decision making process. There was a period where I constantly second guessing myself and only to kick myself afterwards for not making those calls. Recently, I had a brief conversation with a friend, and his answer for getting over my fear in trading was that, not until I make that trade, I would not truly know the degree of the fear itself. It may not be as scary as originally expected. I follow his advice, stare down my inner fear, and take action. With the proper risk management, a favorable outcome is always probable.

The main point is that we need to take actions, and not to let the fear be in the way of our lives. Take charge, conquer that fear, and it may not be that big monster as we originally feared.

Oh, by the way, eating worms are not scary. It is gross!