And what a great analogy string up is, because after all those months of paper trading winners are replaced with real money losses, that is exactly what you will feel like doing to yourself.
The Trading Psychology Viewpoint
No discussion about trading, or the consideration to begin trading, can be done without a harsh realization – the vast majority of all traders lose.
It is said that the reason that most traders lose is because they are not psychologically prepared to trade, that is they are not prepared to accept financial risk for something of which they have no control over the outcome. Trading is much more of a psychological problem then a methodological one, only the traders who have first accepted this have a chance of being consistently successful traders. Without an understanding of trading psychology and the various issues that circumvent method, there will be virtually no chance to overcome the fear, confusion, and despair that can be inherent in trading. Ultimately, after a series of consecutive losses, method becomes replaced with a feeling that it is impossible to do anything right; if for no other reason than this situation,...
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