Trade Stages - Fear Orientation

	Gieno  Trade Stages - Fear Orientation
	When the trader has realized that trading is not easy and that a lot of hard work is required, they possibly move to fear orientation stage. Fear orientation is inevitable given the nature of the beast, i.e. the human being. The market is not terrifying, or bad, or difficult. It just is what it is, and it gets on with its own business. It is how we perceive the market and how we act that causes theproblems. We must realize that we are responsible for our results, nobody else, least of all the market itself. It is only when we accept responsibility that we can start to win. If our losses are someone else’s fault then we are in effect saying that we have no control. If we have no control how can we win? This stage can last a long time as we work out our various problems. Fear is not helpful in the markets because scared money never wins. We cut losers too quickly and we take profits too quickly. Our trading is characterized by nervous, over quick, action.