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How to Counter Your Fear In Trading

My fears:
1. Holding on to a position and some trashy news or major unexpected world event happens that causes the market to tank, and I do not have the stop loss in place to take money off the table. The market takes all my profits away.
2. Holding on to a losing position and sweating while it continues to either tank or move sideways.
3. Reporting to my son that I stubbornly held on to a losing trade instead of trading my plan, aka, behaving like an idiot!

My learnings to far:
1. Easy to read and talk about cut loss. Emotionally hard to do as we all want to win. Having done some major cut loss, its now easier. I guess practice makes perfect. If a trade/scalp is not going my way, I will cut loss without hesitation. Yes, it may reverse and go my way later after I cut loss. No matter because it could also go the other way! I’m learning to trade my plan. Easy to read about, talk about, very hard to do.
2. I’m working out my stop loss positions to be activated for my value stocks as well in case I don’t have time to react to market conditions
3. Trade with the trend. If trend reverses against me, I cut loss. Hard to fight the trend, and harder to keep hoping day after day that tomorrow will be better.
4. After cutting loss on a losing position, I feel better, mind feels at ease, feel calmer and can think better. Easy to talk about, hard to do.

India has more cell phones than toilets: UN report

Far more people in India have access to a mobile phone than to a toilet, according to a UN study on how to improve sanitation levels globally.

India’s mobile subscribers totalled 563.73 million at the last count, enough to serve nearly half of the country’s 1.2 billion population.

But just 366 million people — around a third of the population — had access to proper sanitation in 2008, said the study published by the United Nations University, a UN think-tank.

“It is a tragic irony to think in India, a country now wealthy enough that roughly half of the people own phones,” so many people “cannot afford the basic necessity and dignity of a toilet,” said UN University director Zafar Adeel.