I’m not sure if you’ve ever heard of the term analysis paralysis or paralysis by analysis but basically what that means is one gets locked up not knowing what to do next because he or she has over-“thinked” it or overthought it. Does that make sense?
It’s a bit like this…
You like this girl and you want to go up to her and tell her that you like her but because your mind is overthinking with thoughts like “what if she doesn’t like me?”, “what if the whole situation turns ugly?” and so on and so forth, then you actually do nothing about it.
The very same thing happens during our everyday trading.
You’ve already done your homework and research and everything points to further weakening of the US dollar. And as you prepare to sell short the dollar, suddenly your mind starts spouting out thoughts and doubts and before you know it, you stay locked in a place which doesn’t allow you to take your pre-planned trades.
This happens all the time to many traders.
With that said, how do we deal with it? The best thing I can tell you is to read the famous Nike tagline that says “JUST DO IT!”. Yeah, I hear you saying “sure … but it’s easier said than done” and I’m not denying that but there’s no two ways about it.
We being carnal and fleshly will always have seeds of doubt in us. In order to help yourself, you just got to suppress this little voice that doesn’t serve us and just take trades as per planned.
Start off with small little actions and trades today and before long, you’ll find that the paralysis by analysis issue won’t be an issue for you any longer. All the best with that and good trading!