They are afraid to make another loss as to wait until the market moves back in his favor. The fear of having another loss now controls their trading decisions, which could move its stop further by what the market does not take them out of a loss. Can ignore the trade, the hope of a return to at least breakeven – the daytrade becomes a position trade in a few days and then becomes a long-term ‘buy and hold strategy. The entrepreneur success, of course, we know from extensive testing of its system of operations that do not occur and that trade can come round or stop going to fall. Your stop is in place and will remain in place – the system determines where is the stop, the trader’s fears. 3. Once you enter the trade immediately moves strongly in favor of the merchants. The merchant who will soon lose a villa in the sun or a new sports car flashing before his eyes.
This trade is going to the moon, so who takes his price target and decides to let go. Learn more about this topic with the insights from Robert Speyer. Greed has completely absorbed in their business decisions and the previous plan (if any) is ignored. Of course, markets rarely move in one direction for a long time and when the market turns the greed turns to fear that the dream slips away and the trader tries to hold until the price returns to where it was. The daytrade becomes a position trade … The successful trader has set a goal, whether a certain price or a scheduled departure and adhere to it. If the trade only five minutes, then that’s just great, there are many things that do not. Fear and greed are human emotions – we can not do anything about it. But when it comes to trade, we need a way to control those emotions.
Here are some tips: 1. Know your system. If you have confidence in your system to help replace feelings of fear and greed. Confidence can only come from designing and testing their own ideas widely. You can never be completely safe to trust someone more tips or signals. 2. Automating the system. Computers do not feel fear and greed, not hold onto a loser praying for a miracle or screaming at the screen that the market is bad – I’m just going to cut if that is what the system says to do. 3. Money management. Simply put, no matter how good your system, you simply have to risk a reasonable amount – and always the money you can afford to lose.