NTM, in terms of a metaphor, I am at a point in my trading where there is ice in my veins. That is not something that just happens, nor did it happen because I have this cool and clam makeup. As a matter a fact, if you knew me in person, you would know I'm not cool and calm. For 54 years old, I'm still very hyperactive.
(((When we talk about coolness and calmness with respect to, we are really talking about obviating fear and greed, or at least coming as close to that point as possible))) This is not something you have when you first start trading. This is developed over time. Foremostly, there are some things you need to know for yourself: 1. Do I have a methodology that is a proven winner on a demo account. If you are not winning on a demo account, then please stay out of the markets with your live money.
Let's assume your methodology is fully developed. Enter the markets, but be highly conservative in your position sizing.(((In the beginning, your only goal should be to see your equity higher at the end of the month than it was the beginning. )))
Your experience with winning consistently, however slight the gains might be will be your confidence that you need to keep propelling you. You will get to the point that you know in your heart of hearts that your methodology is the best thing around. You will start noticing a coolness and a calmness. Fear and greed starts to lose its grip.((( My position size relative to my total equity is always the same, no matter how good the trade looks when I enter it.)))My methodology has proven itself so much to me that when I am in a trade and it goes against me, everything is still going to be alright, yet, if the trade hits my stop for a losing trade, big deal! It's just part of the territory.
This whole thing evolves through experience, and experience breeds confidence. In your case, school has just begun. You have months and maybe years in your learning curve. Regardless how long it takes, be patient with yourself. (((When you get to the point your job is your home office, you will be very happy you stuck it out.)))
(((When we talk about coolness and calmness with respect to, we are really talking about obviating fear and greed, or at least coming as close to that point as possible))) This is not something you have when you first start trading. This is developed over time. Foremostly, there are some things you need to know for yourself: 1. Do I have a methodology that is a proven winner on a demo account. If you are not winning on a demo account, then please stay out of the markets with your live money.
Let's assume your methodology is fully developed. Enter the markets, but be highly conservative in your position sizing.(((In the beginning, your only goal should be to see your equity higher at the end of the month than it was the beginning. )))
Your experience with winning consistently, however slight the gains might be will be your confidence that you need to keep propelling you. You will get to the point that you know in your heart of hearts that your methodology is the best thing around. You will start noticing a coolness and a calmness. Fear and greed starts to lose its grip.((( My position size relative to my total equity is always the same, no matter how good the trade looks when I enter it.)))My methodology has proven itself so much to me that when I am in a trade and it goes against me, everything is still going to be alright, yet, if the trade hits my stop for a losing trade, big deal! It's just part of the territory.
This whole thing evolves through experience, and experience breeds confidence. In your case, school has just begun. You have months and maybe years in your learning curve. Regardless how long it takes, be patient with yourself. (((When you get to the point your job is your home office, you will be very happy you stuck it out.)))
