Others may have made a few pips and that's great but to 'my mind'
the 1M the 5M and the higher TFs just looked like an erratic mess
- it might just be in my mind more than the charts or likely both
Calls to mind the saying of the infamous horse racing tipster, Colin
Davey, 'Never look for bets, let them look for you!'
Also agreeing with a comment on the first page of Trading the Zone,
'There's a big difference between predicting that something will happen
in the market (and thinking about all the money you could have made)
and the reality of actually getting into and out of trades. I call this
difference, and others like it, a "psychological gap" that can make trading
one of the most difficult endeavors you could choose to undertake and
certainly one of the most mysterious to master'
That is just so true! How many times on demo I have spotted a
perfect set up in agreement with one or more higher time frames,
placed the trade and then actually forgot about it - anyone else
done that?
Then a few days later or more sometimes, you accidentally open
up that demo account to see you are sometimes literally thousands
of dollars better off!!
Isn't it strange how that only seems to happen on demo!
Brian Tracy calls this the 'Law of Reversed Effort' or Law of Relaxation'
Of course when hard cash is involved we get a bit intense
and cautious and we may see more opportunity for loss than
profit, and that stress albeit moderate, distorts our perception
of the same chart that in demo mode seems like certain to win -
and so often it does - in demo mode.
It seems that our biggest challenge is in bridging that psychological gap.
Can you believe its April, Spring is in the air - and its just started
snowing again here in Poland!
To quote from Faulty Towers - 'What do you get for living in a climate
like this, green stamps?'
