Fear is defined as ‘the anticipation of pain’, which is very often linked to a past outcome. As traders it can be the defining element between success and failure for an individual. We can have the most elegant and sophisticated of trading strategies but if we’re paralyzed by fear then we will amount to nothing!

• How many times have you ’sat on your hands’ and avoided pulling the trigger?
• How many times have you seen a fantastic set-up in the market only to ignore the opportunity because it wasn’t perfect?
• How many times have you convinced yourself that when you’re a better/more confident/ better capitalized trader then you’ll take those trades?

To be continued…