Jul 30, 2016

Don't Chase the ONE trade/ The ONE TRADE fallacy in trading

mistakes of trading, don't in trading,

To execute trades without making mental errors you have to be free of thinking that “this trade will be a winner”. The typical trader expects “this trade” to be a winner, or why would they take it, right? But, you can’t think this way if you want to make consistent money. Once you start expecting each trade to win, you become emotionally attached to it, when as you should know by now, it is not any ONE trade that matters, but the overall series of trades and your ability to remain disciplined over that series that matters.
Posted on 6:50:00 PM | Categories: