There is an old adage that the market is driven by fear and greed. Anyone who has placed more than a couple of trades have certainly experienced these two emotions. All traders experience emotion. The distinction between a successful businessman and a trader of success comes down to how to deal with that emotion.
Let’s see how these emotions affect a successful entrepreneur and a successful trader in various scenarios: 1. The three previous trades have been trader losers. The trader will lose this in mind before placing your next activity and fearful that this trade will also end up a loser. This could result in a delay in the placement of waiting for the trade and price to confirm that they were right – thus missing an entry in perfect condition. Suddenly you may find that some other factor, previously, it is a reason not to enter the trade at all.
Basically, you have fear of another loss. Employers have been successful Test your strategy and be fully aware that a number of losing trades is very probable. They also measure their success if they put the trade according to your system, but if it’s just a winner or a loser. They trust their system and place of commerce, when the development occurs. The fear is removed from the trade because they know that several losers in a row is expected. 2. Once the trade is entered immediate action against the trader, the trader will lose his fear of having committed an error.