TRUSTING TO RISK
You will never achieve great levels of success without taking risk. To be highly successful as a trader, you must trust your business plan, your trading method, and yourself to take the calculated risks that are necessary to achieve success. When new traders face the possibility of loss, they tend to concentrate their energy on each loss rather than the big picture of earning money. It is difficult for most people to trust their system, even one that is well tested, when their hard-earned money is being swept away by the markets.
If you do not trust your system, you will continue to experience conflict in decision making after the first few losses. For that reason, it is essential to back or forward test your system before you start to trade real money.
If you cannot trust yourself to make trading decisions at the right time or if you break the trading rules of your system, then consider the following:
- Do not trade
- Find someone to coach you
- Have someone else make the trades
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