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Hey guys, I was recommended Mark Douglas webinar by Peter last week and I spent most of my weekend watching it. 4 parts that add up roughly to over 6 hours of video. It was worth watching. For someone like me who has been only trading live for 3 weeks this was a very important step after reading Andrew and Brian's books and watching all Carlos's and RobertH's videos on YouTube. If you still experience fear like I do and don't have time to watch all 4 parts see below my quick recap. Mark Douglas Psychological Trading Skills Learn how to trade without fear. Finding an EDGE - higher probability of one thing happen over another. Think in probabilities - your fear will go away. Commit yourself to think about trading in other way - your fear will go away. Self-sabotaging beliefs - get rid of them. If you change your expectations - your fear will go away. If you don’t define risk you operate from the mindset that you know what’s going to happen. Putting a stop doesn’t mean you genuinely accepted the risk. Because EDGES show up in every time frame, technical analysis turns the markets into unending stream of opportunities to enrich oneself. Not on a trade-by-trade basis, but rather as a percentage over a series of trades. Manage your expectations. You expect random outcome - you got random outcome. There is no emotion significance. Don’t be shitting like an elephant and eating like a bird. All change is a function of desire. Sincerity - it can’t be a lip service it has to be real. I don’t have to know what happens next to make money. Stop Analyzing. There is nothing to analyze. When you get the signal - stop thinking. Just put the trade on. Take an EDGE’u’cated guess. That means you have probabilities in your favor. Disconnect - no two moments are alike - every moment in the market is unique. Focus on a process of trading not an outcome. I am a consistent winner. And the link to webinar: Mark Douglas How to think like a professional trader
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