Fear – A Day Trader’s Biggest Obstacle

Finally, after months and months of working on a strategy, a trading plan – the number one most important thing a trader is armed with – I am ready to set off and go live.

I open my account. And bam – one loss after the other.


What is going on?

I know what I’m doing. Why am I losing?

It’s simple.

Fear has taken full grip of me and has me self-sabotaging all the right moves and jumping into all the wrong trades.

I stare at the screen cursing at myself. Not the charts – the charts don’t lie. And can’t understand for the life of me why I would want to hurt myself so deliberately.

And it’s not even me. It’s my kids, my family.

When I don’t stick to my carefully worked out plan, I lose. And I lose big.

So what is the problem?

Trading Psychology of Day Traders – Why this is the Most Crucial Component

Every trading day I wish with all my heart that I didn’t care about the money. Once I stop worrying about the money, I will trade like a complete and total badass.

But let’s face it. It’s all about the freakin’ money! At least it is for me. For now.

Did you know – the best traders don’t care about money.

Really! They have long ago forgot to even think about it. They are so into the technicals, the price action and indicators that money has lost all meaning.

And it should.

If you watch the chart, all the signs are there. It should have nothing to do if I have $1 or $100,000 on the trade. If it is done properly and my trading plan is fully in action, than I shouldn’t care. All I should know is that it is the right decision.

And if I get stopped out, which is part of the game, so be it. I simply look for the next set up and reload.

If only.

Easily said than done!

If only I can simply do that my life will be soooo much easier and more fun.

But no, I have this nasty thing called fear that takes control of me and leaves me almost paralyzed at times. It keeps me from getting into good trades.

And when I see I missed the good one, my reverse psychology runs in, and what do I do? Revenge trade.

And let me tell you, revenge trading never EVER works.

The Solution is Simple – the Implementation, However, Is Psychologically Challenging

The solution to this problem can be summed up in one word.

And this isn’t only for me, but for every trader who has a well worked out trading plan:


That’s it, trust. Trust your plan. Trust your charts. Trust.

Now to implement it, that’s the hard part.

What’s your greatest obstacle? Tell me the comments.

Happy Trading,

Marina 'The Trader Chick' Villatoro

About Marina Kuperman Villatoro

Marina Kuperman Villatoro CEO of The Trader Chick and has been day trading for years. Day trading isn't only a job. It's a lifestyle. It's a way of life and a transformational journey. All you need is a trading plan, the right mindset, your laptop and the desire to work 2-3 hours a day so you can have the time to spend with your family, travel, have fun with your hobbies or simply indulge in the finer things in life (quilt free). My main goal is to show how life transforming day trading is, even spiritual and to remove the stigma and fear that is wrapped around it. I recommend by starting your journey with my FREE mini course - Simplifying Day Trading where I take you from Ground Zero to having confidence in understanding the markets.
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2 Responses to Fear – A Day Trader’s Biggest Obstacle

  1. Katell says:

    Hi Marina!
    Just a beginner’s question 😉
    How much do you need to start investing? Just the topic seems out of my league… but maybe not’ just thought I’d ask the expert.
    Have a nice day!

    • Hey Katell!

      It really depends, for basic investing $500 is enough. For daytrading, I do futures they say $500, but I would recommend at least $2500 – $3000. For Stocks day trading, which I don’t do, they normally want you to start with $10,000.

      But for very basic investing, you don’t need a lot at all.

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