If we cannot trust ourselves to do the what is in our best interests and take action then we will always trade based on Fear. If we trade based on the Fear of Loss or the Fear of Missing out we will lose our money.
The only way to not be scared and be able to do what is necessary is to have the right set of beliefs. The beliefs we have about ourselves and the market determines our market experience. The right belief structure is key to getting what you want out of the market. Our beliefs about reality shape our own unique experience of the market. We need a belief structure that is effective in the market environment. For example: We believe when a trade goes against us, it makes more sense to sell it than come up for reasons on why it is not doing what we wanted to, hoping it does, and allowing ourselves to lose money.
We are forced to move towards evaluating ourselves and our own ineffective thoughts, beliefs, behaviors, and results. People do not always do what they intend to do, what is in their best interests and what makes just plain common sense.
It all Comes down to the choosing to create the conditions that allow you to trade without the negative constraints of Fear. The choice is yours. If we can see the person we want to be in our mind, and have the courage to step into the present and act accordingly we will be rewarded.
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