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Missing a Trade

Is your greatest fear in the market that of missing a move? Do you find you are saying to yourself, "I just can't stand the thought of missing 'the big one'?"

The best way to handle that kind of fear is walk away from the situation. Get up, and walk away from the computer and any news you may be watching. Remove yourself from whatever it is that triggered the fear. Do anything that will take you out of the fear/panic mode.

Don't sit down to trade again, and don't return to the markets until you have managed to achieve some emotional control over your fear/panic reaction. If you can't get a grip on your fear, then stay away until you are back in control.

Most likely you will find that, even if you keep thinking about the move you may be missing, simply getting away from the keyboard and monitor is enough to make a difference. It removes the demand to take action and gives you the mental space to gain perspective and let go of your knee-jerk reaction.

The fear of missing a move stems from an overactive "greed" gland. Medical science has not yet discovered this gland in the human body. Nevertheless, I am convinced it is there. The actions of the thousands of traders with whom I have personally dealt assures me that what is said about the markets is really true: "The markets are driven by fear and greed." The fear of missing a move perfectly blends the two together. So, in the next research paper I submit to the medical journals, I will attempt to prove that there is a "fear" gland and also a "hope" gland in the human body. I will suggest they look for the "hope" gland in the area of the human heart!  : )


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Monday, 04 July 2022

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.