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My humble advice to you is to have some type of gameplan ready before you enter
the trade.
You should be able to answer questions like:
If the market goes against me, where will I exit?? (Use stops!)
If the market goes for me, what methodology will I use to exit?
You have to be prepared for all outcomes the market throws at you. If you have
problems entering trades, it sounds as if you are not confident in the
methodology you are using. If, in your mind, you ARE comfortable with it, but
are still nervous, I quote Wayne Gretzky when I say, "You miss 100% of the shots
you don't take."
Bill Bancroft
asmith wrote:
> >> In paper trading one is driven by a will to succeed. In real trading
> >> one is driven by the fear of losing.
>
> The above two sentences sum up the difference between day trading and paper
> trading succinctly. Does anyone have any suggestions on how to overcome the
> emotions of fear and greed when really trading? I am having a hard time
> entering positions, however, once I enter a position, I am fine - even if I
> take a loss. Has anyone else had this problem? If so, how did you overcome
> it?
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