2006-09-29 10:17:48 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
This is an excellent trader's psychology book by a trader. I have the same problem with index futures and the leverage. This book is the best book of its kind, and certainly helped me.
Trading in the Zone
Douglas, Mark
Another one is this:
Elements of Successful Trading, The
Rotella, Robert P.
If your local library doesn't have them, you can get them through the Interlibrary Loan system. But I think you're going to want to buy these books to reference often.
2006-09-30 08:48:56 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Calm down, look over your position carefully and if you are sure, do it. Thinking of your past success can give you confidence. Anxiety from fear or gold fever can paralyze you from making a good decision, it is common in the stock market. After you have success with a big position, you will have more confidence to do it again.
2006-09-29 10:39:11 · answer #2 · answered by bobcwebb 2 · 0⤊ 0⤋
Is the money you are investing money you can afford to lose? If not then the fear will not go away and that is a good thing. Maybe that fear is telling you something?
You can only be a fearless investor if the money you are investing is money you can afford to lose.
2006-09-29 10:31:07 · answer #3 · answered by oil field trash 7 · 0⤊ 0⤋
Just go for it. Remember it isn't your money so you have nothing to fear.
2006-09-29 10:26:08 · answer #4 · answered by Philip W 7 · 0⤊ 0⤋
increase your exposure gradually... say, 10% every week. needless to say that your risk perception varies when you have 300K vs. 30K
discipline is the key.
good luck
2006-09-29 11:41:23 · answer #5 · answered by vincent vega 2 · 0⤊ 0⤋