
Do you commit to your trade when it sets up?
Submitted by fxnv on Tue, 06/03/2008 - 19:37
The pig contemplated the chicken's suggestion and said, 'Well, for you, that would involve a small sacrifice; but for me, it would involve total commitment!"
Many traders have good methodologies for determining an appropriate time to take a trade. Their system actually signals when to get into or out of the trade. Then, they second guess the system and don't do it. This is a lack of commitment. And it stems from a lack of confidence.
Commitment means going for it, even if there is a chance of losing money.
Do you remember the story of the Chicken and the Pig.
The Chicken and the Pig
A Chicken and a pig were walking down the street one day and noticed some poor children who looked as if they hadn't eaten anything for days.
Moved with compassion, the chicken said to the pig, "I have an idea! Let's give those children a nice breakfast of ham and eggs."
The pig contemplated the chicken's suggestion and said, 'Well, for you, that would involve a small sacrifice; but for me, it would involve total commitment!"
What holds you back?
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