Trading Psychology | FEB 2004
Deep Freeze by Adrienne Toghraie
Deep Freeze by Adrienne Toghraie Having trouble pulling the trigger? Stop it right now! At a recent professional basketball game, a 14-year-old girl was preparing for a great honor. She had been selected to sing the national anthem in front of a large and enthusiastic audience. Instead of experiencing the thrill of a lifetime, however, she froze, suddenly unable to remember the lyrics. Seconds ticked by, with the humiliation and embarrassment sweeping over her adding to the whirlwind of fear that consumed her. Then, Maurice Cheeks, the coach for one of the basketball teams, appeared at her side and started to sing, encouraging her to follow his lead. This kind and courageous man coaxed her out of her fear and she managed to finish the song triumphantly. Just as this girl was gripped with fear at the very moment she needed to be performing her best, traders frequently find themselves freezing at the moment when they should be trading their best. Instead of pulling the trigger to take that trade or exiting at the predetermined stop, they freeze. As a result, they stand by helplessly as a tremendous opportunity passes them by or their losses pile up into a financial catastrophe. Afterward, filled with remorse, guilt, and self-recrimination, they search for the reasons for their failure.
by Adrienne Laris Toghraie
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.