NEW YORK ( Minyanville) -- I've been playing golf ever since I could walk, and I've been in situations so intense -- say, on the ultimate hole of a junior or amateur golf tournament -- that I literally could not take the club back. I was so nervous, my hands were shaking. I've also grown up around trading and markets. From the time I could begin to understand systems and math, my dad began teaching me about investor psychology, bonds, stocks, and leverage. I didn't begin trading my own money until college -- buying IBM ( IBM) when I was 12 doesn't count -- and by that time, analyzing many of the things that move markets almost felt like second nature to me. As a trader, I've had times when I've been as scared to move as I was on the golf course. I've had that same sinking feeling watching a trade go in the completely wrong direction as I have watching a ball make its way to a lake. I've felt that gut-wrenching feeling in my chest as I watched the value of a trade or investment tick away by the minute. We've all been there; nobody is perfect and bad trades happen, the key is to not be frozen in fear and let instincts and discipline take over.
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