Monday, September 17, 2012

Emotions get in the way

I constantly fear losing profits and so take quick profits -- and miss the moves.

 Natural emotions are a trader's enemy.  My plan was good for 2 points but I took a LOSS instead.  I did not follow my plan.

I must override my emotions which cause me to make the same mistake over and over.  The fear of losing a small profit into a loss is simply part of the natural risk.

 I need a way to interrupt my problematic thinking.   Either leaving the room -- something physical to remind me to follow the plan, not the emotions that creep into every trade.

  In general -- being patient with winners is my problem.  The solution is the act of doing nothing.  Why is this so hard?

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