Get the show notes here: https://thinkprofit.io/episodes/ What to do if You're Afraid to Trade Some traders hesitate before entering a trade. Why? In this episode, we break down the reasons for this and how to overcome them. We also talk about misconceptions that traders attribute to not being able to pull the trigger. Read the Transcript Hugh: Alright Walter, here’s a classic one. If you are entering a trade, some people are afraid to pull the trigger. What are some of the psychological things you see behind that and some fixes? Walter: Well, it’s kind of like how I think about sports, specifically coaches. I like to watch the NFL. What’s interesting in the Gridironist, they call it here in Australia. Gridironist, sounds so much more manly, Gridiron. The coaches are always talking in the NFL about how being prepared and even the players will talk about when they move from one team to another, “Wow, things are different here. Everything is so accounted for and they’ve considered every scenario”. I think that’s kind of the way what coaches are meant to do. It’s to provide this framework for the players. So no matter what happens they’ll know what to do, sort of thing. In trading, it is the same way because if you are not prepared, that is when you feel uneasy. So you tell me, if I ask: if you are to take a strategy and Strategy A: you’ve back test it. You’ve taken nine hundred trades in it. You know the numbers and you go, “Okay, I am going live today.” Versus, you have a strategy where you’re kind of just messing around with something in the last couple of hours. Looks pretty good on the charts, let’s go for it. Do you know what I mean? Which one are you going to stick with after you’ve had nine losing trades in a row? It’s obvious. Hugh: It’s like watching YouTube videos on how to ride a bike for the first time then you go ride the bike and then you go fall on your ass. Walter: It’s so funny you said that. Hugh: At least you’ve gained confidence. Walter: Of course. That is exactly what I did last week. I was... Get the show notes here: https://thinkprofit.io/episodes/

Learn the truth about aggressive trading strategies. Find out why some people can trade them and why you might not need to get "aggressive" to build your account quickly. Get the show notes here: https://thinkprofit.io/​ #tradingpsychology​ #trading​ #learntotrade