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Thursday, May 26, 2005

Pulling the trigger

Many traders fear to enter a market. They have made a good plan, backtested it but hesitate to pull the trigger. Even though they realize that the probabilities based on past performance are that they will win. They are like parachutists just before jumping out of a plane. Well trained, equipped, and 15,000 feet up in a plane with the door removed, yet unable to take the last step in the process. Fear of entry is one of the biggest problems facing a trader. Unfortunately, there is no easy, comfortable way to overcome this obstacle; one must simply decide to take the next signal.

Trading is about risks. This morning I came in Long without any doubt and got my points

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