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Fear in trading is directly related to losing money or just being wrong. So
as an example if you Shawn had say 50 million dollars. You traded one mini
contract of corn it would be reasonable to assume you could trade that with
zero fear. It could also be said if you did have any fear then that fear
would be considered unreasonable fear. But if your fear was generated from
some other source other than money, ego etc. Could be you went around
telling everybody how great you were at trading and you now feared
embarrassment from being wrong as opposed to any monetary loss. So now you
have uncovered two forms of fear that you can eliminate totally. One to
reduce fear to zero from monetary loss simply would mean being extremely
over capitalized when trading. The other would mean simply not to brag
about trading to eliminate any fear from being wrong. Just messing with the
subject of fear and trading fearless. But greed and fear can't be on equal
terms when trading because fear is the stronger emotion. So concerning the
subject of this post Fibonacci is just a mathematical observation of market
behavior measuring fear and greed, a rough one but one just the same.
Robert
At 07:21 PM 6/21/00 -0400, Shawn Andrew wrote:
>robert.cummings@xxxxxxxxxxxxxxxx wrote:
>
> > There was a guy who made his living walking a high wire. There were no nets
> > and death or serious injury came with failure. He was famous but I can't
> > remember his name but his whole family did this. I remember what he used as
> > an example of how he could do this day in and day out which enabled him to
> > be 85 and die from old age.
>
>
>Was it not livermore who said. "When you have a loss, always fear your losses
>will increase and when you have a profit, hope that it will grow to a home
>run".
>To hope and to fear is human. The only problem is most novices hope losses
>will
>correct themselves and fear the Markets will take their little profits.
>
>The question is not to erase fear but to reverse the natural novice way of
>thinking. I don't know if any one truely achives the reverse of signs, but if
>they do trading becomes bliss.
>
>Regards
>Shawn
>
>
>--
>------------------------------------------------------------------
>Ricercar Fund /SA "Quarendo Invenietis"
>http://www.RicercarFund.com
>------------------------------------------------------------------
>"It is not how right or wrong you are that matters, but how much money you
>make
>when right and how much you do not lose when wrong." ... George Soros
>------------------------------------------------------------------
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