Today I'd like everyone to welcome Larry Levin. Larry is a very well known trader and is often featured on CNBC and other financial television shows, and today he's going to be talking about one of the hardest things we as traders must do - pull the trigger! He's got some excellent advice that can be applied to all levels of traders. Please enjoy the article, comment below, and visit LarrysBook.com to learn more about Larry and check out his book.
Sometimes we can’t pull the trigger when we sense an opportunity in the market for one reason; we’re afraid! But we are not afraid of the market, we’re afraid of ourselves. Our fear comes from not trusting in ourselves to act in our own best interest.
You fear your inability to do what you need to do, when you need to do it, without hesitation. Being afraid causes us to freeze and makes us unable to pull the trigger to execute our trades. This causes missed opportunities, but the result of these missed opportunities is the real problem of not being able to pull the trigger.