"i have a strange problem." said the talented trader
"i am good at reading the charts
and technical analyses
but when the trade is going my way
and i am having decent profit on the screen
i chicken out
by booking profit prematurely!
I am unable to convert my wins into
real big ones!
this is really preventing me from making it big in stock trading!"
--
the veteran trader was listening patiently to the confession of a bright trader!
he realised that the young man's problem lay in his getting overwhelmed by the sight of the profit!
he remained silent for several minutes
and then suggested
"stop looking at the bank balance
stop looking at the amount of unrealised profit
imagine that you are not trading money
but trading points
or trading the chart lines!
imagine that you are playing a game of reading charts correctly!
let your broker take care of the accounting!"
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