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Filed under: Performance | 03/14/07 10:16am UTC
pwallace

Fear - Part 3

If you remember from my last entry I stated that there were 3 blocks to success. The first was Over - Analysis which leads onto the 2nd block:

Self-Doubt which is often experienced as Fear. Having become paralysed by over-analysis you then find yourself doubting your own analysis and your own ability. That internal voice keeps telling you:

  • Your last trade was a loser, so will this one be...”
  • You don’t know what you’re doing do you?”
  • You want to go long but the talking head on Bloomberg is saying traders should be short, surely he knows more than you?”

And a hundred other such self-defeating comments.All of which cause you to doubt yourself in the very moment when your self-belief and self confidence needs to be sky high.

So having being paralysed with over-analysis which has caused you to doubt yourself what does that lead to?

Well that will be my next installment!


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