3 Dangers of Trading DOUBT (Part 2)
The Dangers of Trading Doubt: Part 2
Trading isn’t just about charts, indicators, and strategies —
It’s a battle of the mind.
And lurking in the shadows is one of the most dangerous opponents you’ll face:
Doubt.
Doubt stops you from taking action.
Doubt kills confidence.
Doubt leads you to giving up.
So let’s go into why doubt is so dangers and how we can destroy this silent saboteur.
DOUBT #1: Search for Something “Better”
Doubt is where you don’t think something will help you achieve what you want to.
And so you’re on the perpetual quest of finding something new and “better”.
But you need to realise something.
There is NO such thing as the perfect system.
Strategy hopping will you to wasting money, time, effort and energy.
Instead, you need to embrace the imperfections in trading.
You need to perfect your strategy, execution and mind.
Keep at it and you will find that you always had the Holy Grail at your grasp.
Stick to a strategy long enough to learn its nuances and understand its strengths and weaknesses.
Remember, the grass isn’t always greener—it’s just different grass.
DOUBT #2: Failure to Take the Trade
Ever hesitated to take a trade.
Whether you’re trading gold, Dow Futures, JSE or Forex!
Then you end up watching the “imperfect” trade head straight to your profit target?
That’s doubt working its magic.
When doubt clouds your judgment, you start second-guessing yourself.
You start questioning.
“What if it is a loser?”
“What if I am in the wrong trading environment”
“What if my system stops working from here?”
Not taking the trade is one of the most subtle yet dangerous forms of self-sabotage.
To combat this, it’s crucial to develop a routine that instills confidence.
Preparation is key.
When you’ve done your analysis and the trade setup aligns with your plan, just take the trade (J.T.T.T).
Trust your process and let the trade play out.
You can’t win a game you don’t play.
DOUBT #3: Failure to Follow Your Risk and Reward Criteria
Every trader knows that managing risk is paramount.
Yet doubt can lead even the most seasoned traders astray.
When doubt creeps in, it whispers dangerous ideas.
“Maybe I should move my stop loss further”.
“Maybe I should risk more in this trade”
“Maybe I should risk less in this trade”
“Maybe I should drop my take profit to lock in a premature profit”.
When you deviate from your established risk and reward criteria, you’re going against your one and only proven and profitable strategy.
Your risk and reward criteria are there to protect you.
They are the guardrails that keep your trading on track.
Conclusion
Trading doubt is a silent killer.
It can creep into your mind, and sow seeds of uncertainty.
Let’s sum up issues with Doubt.
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Stop Searching for Perfection: Embrace the strategy you have and focus on mastering it rather than endlessly searching for a mythical “better” one.
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Take the Trade: Don’t let doubt freeze you into inaction—execute your plan and trust the process.
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Stick to Your Risk and Reward Criteria: Discipline in following your rules will protect you from doubt-driven decisions that can derail your success.
Trade well, live free.
Timon Rossolimos
Founder, MATI Trader
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Trade well, live free.
Timon Rossolimos
Founder, MATI Trader
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