The best traders not only take the risk, they have also learned to accept and embrace the risk. There is a huge psychological gap between assuming you are a risk-taker because you put on trades and fully accepting the risks inherent in each trade. When you fully accept the risks, it will have profound implications on your bottom-line performance.
- Mark Douglas, Trading In The Zone
- You can’t escape the inescapable, so when it happens, realize it was the time for it, stay undeterred, and proceed forward
- Fear causes us to freeze up and not be decisive when we need to
- Accepting our worst fears (like fully depleting our accounts) and living to tell the tale is a great way to face your fear and not let it possess any power over you
- If you don’t accept that the stock market is entirely random with the exception of some trading patterns that give you an edge, you will force your will onto the market