What Are Your Fears in Trading?

What are your fears in trading? In my case I list down all my fears and also I list down solutions on how can I counter my fears or to list down solutions. Here are the following below:

Fears

* When you buy on support then suddenly breakdown.
* When you sell on resistance then suddenly breakup.
* When you buy at consolidation or pivot point then suddenly goes down.
* When you sell at consolidation or pivot point then suddenly goes up.
* When you buy at breakout but revert back or false breakout.
* When you sell at breakdown but revert back or false breakdown.

Solutions

To overcome fear on consolidation

• Execute buy and sell on consolidation or at pivot point.

To overcome fear on breakout.

• Execute sure sell position after breakout has been exhausted.

To overcome fear on breakdown.

• Execute sure buy position after breakdown has been exhausted.

To overcome fear of false breakout.

• Execute sell position add TP and SL where it is safe to release or exit trade to your next position.

To overcome fear of false breakdown.

• Execute buy position add TP and SL where it is safe to release or exit trade to your next position.

Trading is not a gambling for as long as you have a set of strategies. system, and disciplines that you need follow every time you trade

Strategy

• Buy with 1.35% allowance on Jpy extensions
• Sell with 0381% allowance on Usd extensions
• On breakout execute buy and sell. 
• On sideways trend execute buy and sell on pivot. 
• On breakdown execute buy and sell. 
• Look on monthly time frame for trend reference. 
• Look for indicator Macd, Rsi, Atr, Stoch for entering trade. 
• Look for candle formation for entering trade V or inverted V, bullish or bearish engulfing, hammer or falling star
• Look for trend line pattern Inverted triangle, Triangle or wedges. 
• Use rectangle tool and fibonacci retracements. 
• Always plot forecast for a month trend. 
• Use separate trading account for buy and sell
• Execute minimum of 1 and maximum of 3 trades per account no more than that. 
• Release trade not more than 2% of your equity. 
• If trade is not yet close, do not execute trade. 
• To avoid premature positions trade only 10pm PHT Time and Thursdays to get sure signal for the week. 
• Patience is a virtue. 
• Enjoy trading.

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

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