"Just because a trade isn't going well doesn't mean you are a 'loser'" (Mark Douglas, The Zone Final Chapter)
Words of Mark Douglas, author of the renowned book on market psychology, Zone.
「① Just because you are not succeeding in trading does not mean you are a “loser.” ② Just because your analysis for predicting price direction was wrong does not mean there is something wrong with you. ③ Losses in trading are an unavoidable expense of doing business, and they are no different from the ordinary expenses that any other business incurs」
When the author was starting out as a trader at Merrill Lynch,
he apparently faced a lack of motivation, and after losing trades he became afraid to enter
and could not enter trades.
I think many people feel the same way.
Even if you understand it with your head (conscious mind),
in the unconscious realm you are continually punishing yourself,
and you become unable to act.
There was a time when he wrote that he “realized in his deep psyche that he was blaming himself for failed trades.”
.
Ah, until my subconscious rewrites itself,
how many more losses will it take for me to fully internalize it?
Believing that a moment of resonance will arrive,
I want to continue trading.
See you next time.
[Free] Spread Monitor Indicator
[Promotion] I sell a single-position EA (Rainbow USDJPY). Three-year forward results.
I also publish my real trading experiences. Please take a look.
× ![]()
