Are you afraid of pulling the trigger ?

Hi

I would like to start a new thread here with a very sensitive subject : Are you afraid of pulling the trigger ?

This thread also could be placed in the psychology section from the forum. As I am sure, most ignore that part of the forum and think it is not important or may never thought about it, why it happen, I start this thread here in the beginner section.

I am clear that this subject is a very personal one and it is of this case, every one is touched some times in life from. Correct me, but I pronounce that all traders here, which do live trades, have been once or a few time in there live in that unloved situation.

I will leave it mainly to the members, what to post here, as I am not a psychologist. I am sure, that there are enough people around, which have a screamer to pull the trigger and never did know or have been to shy, where to talk and to ask about that feeling. Hopefully this will become a place to do so and different posts will show different aspects of that sensitive subject.

Tc

DanPickUp

A frame of mind in which no trader should be ever....

Happened to me many time...due to consistently wrong trades..
that was horrible feeling.....it takes away your intelligent, self confident etc etc etc...

When I started trading I was fine off..but the moment..started doing wrong...I dont How remember does it happened but it did....I lost my discipline could not think....and string of wrong trades made it worse....certainly it delayed my learning of market...delayed too much

I do agree with the comment of Sunny1 and it did happen to me while I was in that stage. Later, there was a time when I started facing the fear of trading after series of winners cause my track record showed that my biggest losses came after good winning run.

happy trading

very good topic.

You have a great strategy, you've paper traded it; thought about it [multiplied profits=$$$], day dreamed about it......AND then, when the ticker was flashing your entry....something popped up and said....let's wait a while...NO this time is going to be different....ruining the entry and hours of waiting gone waste.

Similar thought process for exits: you know your risk and reward...Price, in its own style takes time to reach your target...BUT the thoughts in your mind[faster than the Zerodha's ticker update speed] just keep scaring you to take whatever profit you see...reminds you of an earlier position that went sore after initial profit...shows you picture of how negative the balance would become...blah blah...

EOD, it requires a lot of consious awareness/mindfulness to be clear in what one does...This is especially true for Trading.

Fear of pulling the trigger happens with every trader mostly in the initial period of his trading career. The fear is due to any one or combinations of reasons mentioned below :

1) Lack of proven and backtested method, so a trader is not confident to take a trade.

2) Inadequate capitalisation ....trader is afraid of pulling the trigger because he cannot afford to loose the amount he risks on a trade depending on his trade quantity and distance of his stoploss point from his entry.

3) Need to preserve the profits earned to pay the monthly bills. This again is a subset of inadequate capitalisation. So after earning small amount of profits trader fears taking a risk of loosing part of this profits because he needs this money for paying his bills.

4) Noise ,newsflow during the market ,contradictory opinions of "experts"..

5) Some previous large loss which the trader has had because of not having stoplosses etc. He has also seen some of his friends suffering greatt misery beacause of trading losses.This has bearing on the current trade and trader feels he should "wait and see what happens" instead of pulling the trigger and take a trade.

The first two reasons are most important reasons and if they are addresses well, the pulling the trigger whenever the method calls for is viewed as an opportunity to make money and the fear will subside to a large extent.

Smart_trade

:thumb: I totally agree on every onse comments on the above!

I always wanter to enter the market since a very long time, however after looking at people crashing themselves and their families during the last recesion, i was affraid and never got the confidence to start trading.

last month back i just happened to read an ad in the marathi daily of pune about a seminar on the basics of the market! I attended the same and I atleast understood what is the market all about and how to go about it, the representatives from CDSL were really fine in clearing the basics.

But a very important thing that was showcased in the seminar was by Reliance Securities, that was a confidence boosting session, i understood where could the market take me and my money soon if i plan & invest right!

I opened an account with the reliance guys and have started investing good now, I do it all online and I invest some money every week after a good self research and taking advices from my broker.


I buy delivery and presently its only longterm i think of, I do keep a watch on the market daily and i feel confident.

Its really great that reliance is taking innitiatives of sponsoring such seminars and boosting confidence of new begenners like me!

:clap:

I am not at all afraid of entering any trade. I am not afraid at all, just plain terrified and sick in the stomach, with my heart pounding, my BP shooting, my stomach churning...... with an impeding sense of doom, and acting as if its a life and death situation....

There Said it

Hi

I think, most of the bigger, real background problems, which can make us to become Afraid To Pull The Trigger, are mentioned in the last posts.

What about the little, very specific ones ?

One point, I like to look at, is the question about the outcome of our trades. If we pull the trigger with out having any ideas about what may be the results can be in the longer term, some of us feel more shaky, when doing so.

How to handle that problem ? Are there any figures or maths around, which can give us any idea about the longer term outcome of our strategy we like to trade ? In that way, we would have a lead about our may outcomes and this could make us feel more comfortable, when taking the trades, as we than could say : Ok, I pull the trigger now, as I can imagine in certain ways with real numbers, how my outcome in the longer run will be, even I have a strike of loosing trades.

You may look astonished about such question. But also here, I am sure that there are many around here, which ask here selfs such questions and have no grip about where to get an answer for that nagging question in the background, which can effect the psyche and then people start to become afraid.

As more rational answers some body has in his arsenal for his anxiety of pulling the trigger, as easier he can handle that feeling. I know, that the answer is to find in specific MM subject, but are you, which may are having the "ATPTT" syndrome aware of that ?

DanPickUp

Been reading up on the subject for the last few days, it stems from our beliefs and expectations. The trades in our past, where we have faced losses, have created beliefs that will hamper our trade execution capabilities. There is negative energy attached to entering a trade. Since beliefs cannot be destroyed, they can only be de energised, and that can be done only by reducing the quantity to absymally low levels and taking all trades, for a period of time.