V.6:11 (411-414): Dealing with conflict Part 2 by Van K. Tharp, Ph.D.
Product Description
Dealing with conflict
Part 2
by Van K. Tharp, Ph.D.
"I have an elaborate computer system, on-line market quotes direct from the major exchanges, and a program that gives me distinct buy-sell signals. I know that if I followed those signals, I'd make money. But I don't. I just sit there and do nothing. What's the matter?"
This is an all-too-common complaint from traders. They've spent thousands of dollars studying the market and developing a system that works, but they can't pull the trigger. Yet it is only one of many symptoms of conflict that traders experience. Other symptoms include:
• You make just so much money, say $50,000 or $100,000, and then fall apart. Traders with this symptom do well until the ceiling is reached and then they either stop trading or fall apart.
• You experience excessive stress. You have trouble sleeping. You worry excessively about positions to the point that you can't think of anything else, even though the risk may be moderate compared to positions you have comfortably taken in the past.
• You are preoccupied and forget about open positions you have and lose thousands of dollars as a result.
"I have an elaborate computer system, on-line market quotes direct from the major exchanges, and a program that gives me distinct buy-sell signals. I know that if I followed those signals, I'd make money. But I don't. I just sit there and do nothing. What's the matter?"
This is an all-too-common complaint from traders. They've spent thousands of dollars studying the market and developing a system that works, but they can't pull the trigger. Yet it is only one of many symptoms of conflict that traders experience. Other symptoms include:
• You make just so much money, say $50,000 or $100,000, and then fall apart. Traders with this symptom do well until the ceiling is reached and then they either stop trading or fall apart.
• You experience excessive stress. You have trouble sleeping. You worry excessively about positions to the point that you can't think of anything else, even though the risk may be moderate compared to positions you have comfortably taken in the past.
• You are preoccupied and forget about open positions you have and lose thousands of dollars as a result.
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