I was listening to John Carter's interview (https://chatwithtraders.com/ep-069-john-carter/) and there was this line that struck me. He said, "As a trader you feel comfortable by being uncomfortable."
Trading involves risk. It is this risk that makes people
"uncomfortable". I play close attention to my state of mind when
trading, because I notice sometimes when I place a trade with a feeling
of confidence, chances are that trade is likely to turn sour in the end.
And when I was in doubt when placing that particular trade, it turned
out fine! So each trade is based on my own calculation of probability of
success given the risk scenario that I am projecting. In the end,
"feeling comfortable by being uncomfortable" is what I am pursuing. And
this is a great challenge to me because who would want to be constantly
feeling uncomfortable in their mind?
I believe each trader has his or her own unique personality that only he
or she alone can determine what types of trading systems or styles that
suit them. If you see other people become successful in trading, do not
envy them, it would not be a good idea if you copy their trading
systems, because the results will not be the same.
In addition, we have to acknowledge that the trading environment is
dynamic, you need to be flexible to adapt to the trading environment.
What has worked before may not necessarily work in the current market
condition. Hence, the only way to overcome this is to keep on learning.
http://paulineseconomicsforum.blogspot.my/2017/02/trading-in-your-own-style.html
