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  1. #1
    Specialist Member Million Dollar Baby's Avatar

    Fear the market Vs Conquer the market !!!

    While trading, such thoughts come into my mind and I never hesitate to share it here. I always share what I feel/experience while trading.

    Your attitude against market is really an important aspect which defines your trading style.

    "Conquer" seems much better than "fear" but in my opinion "fear the market" attitude is best.

    If you are going to conquer the market:-
    1- you will think market is too easy to read.
    2- you will become aggressive
    3- it will result in high frequency trading
    4- you wont be able to abide by your rules because the ultimate objective is "conquer the market" so even if you loose, you will trade more to turn that into profit.
    5- frustration is normal in this kind of attitude because market is not that easy to conquer.


    If you are "fear the market" type trader:-
    1- you will be taking less risks
    2- your trading style will never be aggressive
    3- you will define rules that will allow you to trade only when necessary and within your defined limits
    4- you will focus more on analysis than on "profits"
    5- It can sometimes lead to "analysis paralysis" but with time, you will understand the difference between "correct analysis" and "analysis paralysis".
    6- It will help in development of patience.

    This is really important when you are a beginner. No matter how genius you are, you must "fear the market". I always keep it in my mind that market wont forgive if I am not careful enough. So my opinion is that you must not go with the attitude of winning and conquering the market but you must be very careful and must know that market is not something you can easily conquer.

    In the end, if you win, do not consider "mission accomplished" because market keeps changing with time and no strategy works forever. Do not try to over-trade if you are winning just because you think market is in your favor.


    I would really like to have your thoughts on this.

  2. Thanks Martin Kay thanked this post
  3. #2
    Legendry Member milos's Avatar
    Nice topic. It is very hard to beat the marker.The price can go in right or opposite direction.We create trading strategies,use trading tools and trading indicators.

    When I'm winning three consecutive trades I stop trading. That moment I'm not afraid the market. In case that I lost one trade per day I also stop trading. It is existed fear. Its normal. We're human beings.

    For beginner trader is reasonable to fear the market. For me if I lost five trades today I can win 10 tomorrow.

  4. #3
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by milos View Post
    Nice topic. It is very hard to beat the marker.The price can go in right or opposite direction.We create trading strategies,use trading tools and trading indicators.

    When I'm winning three consecutive trades I stop trading. That moment I'm not afraid the market. In case that I lost one trade per day I also stop trading. It is existed fear. Its normal. We're human beings.

    For beginner trader is reasonable to fear the market. For me if I lost five trades today I can win 10 tomorrow.
    I agree that "fear" is a part of human psychology but while trading, I have observed, especially in very early days of my trading, that I tend to win each day and thus I broke rules which eventually worsen overall situation. Rules are good as long as we follow them. But most of the beginners try to at least breakeven. For example in your situation if rule is "one loss and stop trade". In case of a beginner if they loose one, they enter into another trade as if they are sure of winning the second trade. But most of the times, it worsens the situation.

  5. #4
    Legendry Member Michael Hodges's Avatar
    It's insane, really, for someone to think they can conquer the market. the market is billions of people around the world, and includes the smartest investors and money men on the planet, as an individual trader you are small, like a grain of sand on the beach. Any one market wave could wash you away at any time. Fearing the market, that is best, but in a healthy respectful way. Good post.

  6. #5
    Solid Member pak12345's Avatar
    Good post, I also like to share an instinct here that you will not blow your money if you follow the rules and the major rule is not to gamble, keep your emotions out of the trade.

  7. #6
    Moderator Kolyo's Avatar
    “Fear the market” attitude is much better for a beginner trader than entering “Full In” and expecting to Conquer Mr. Market as it is a person to conquer. All great traders in the world trade smaller after losing streak not bigger. They know their hands and know when to trade aggressively and when to become fearful. This is the biggest distinction between good and bad traders. The first know how to deal with uncertainty and where they have an edge and where the odds are against them. But this is difficult to be tough to a beginner trader. Newbie expect to see a linear reaction – better trader – bigger bets – more money in the bank, but the relation is not working this way
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  8. #7
    Legendry Member milos's Avatar
    I asked myself once again:"Why only 1% are successful traders and why 99% traders are losers?" Maybe this question can be provided the answer between fear the market and conquer the market.

    It is philosophical questions. Maybe we have only 1% successful conquer traders and 99% traders are fear the market. I don't know am I right. Guys,what do you think about this philosophical question?

  9. #8
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by milos View Post
    I asked myself once again:"Why only 1% are successful traders and why 99% traders are losers?" Maybe this question can be provided the answer between fear the market and conquer the market.

    It is philosophical questions. Maybe we have only 1% successful conquer traders and 99% traders are fear the market. I don't know am I right. Guys,what do you think about this philosophical question?
    By looking at success rate, it is very true that only a small percentage of traders are successful. So that very small percentage has the right attitude and strategy. I do not think that their attitude would be "conquer the market" even if they are winning.

  10. #9
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Million Dollar Baby View Post
    By looking at success rate, it is very true that only a small percentage of traders are successful. So that very small percentage has the right attitude and strategy. I do not think that their attitude would be "conquer the market" even if they are winning.
    that one percent are in tune with the market, the 99% are the ones who fear loathe, game, gamble the market with little to no experience and no rules, no system etc... that's what I say.

  11. #10
    Legendry Member milos's Avatar
    Guys thank you for your opinion about my question. I hope so it will be helped to make contribution for this topic. I think it will explain more.

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