#Worry#
Most traders understand the inherent dangers of the markets. After all, there is a lot of money at stake. Given the risk, traders must trade wisely - gathering the right amount of information, making smart decisions, and getting in and out of trades in a timely manner.
When you start worrying about things you can't control, or when you spend too much time and energy worrying instead of taking action, this emotion can become a distraction that leads to countless trading mistakes. Some traders are so obsessed with mastering their reactions to stress that they become trapped by their thoughts. They find themselves unable to stop thinking about their problems. They worry all the time. They dwell on various events and anticipate the worst possible outcome. As a result, they magnify their problems simply by thinking about them. The more you view problems through the lens of fear, the more you get stuck in a vicious cycle where you always view your life through the template of the past.
Again, this tends to reinforce a feeling of inadequacy and lack and leads to an even greater effort to maintain an image of competence. The more you think, the more you worry. Ultimately, the tendency to worry is built on the fear of failure, the fear of rejection, and the fear of facing more stress again. Sometimes this manifests as denial, where traders do not check their performance and correct their performance, but instead assume that since they can easily raise money, they can start a hedge fund.
Internally, traders are assuming that if they worry long enough and hard enough, the problem will magically solve or disappear. With this circular thinking, they are actually more likely to burn themselves out and constantly feel powerless.
Here, the trader should be wary of any tendency to drastically change his strategy before correcting the mistakes in his trading. In this case, he must first review his statistics to see what must be modified.
Sometimes traders think that working with others will greatly solve their problems.