Mental Fitness
“Mental Fitness For Traders” – a free PDF download:
In my career, I’ve come across at least 50 systems that I consider A+, yet I know for a fact the MOST traders that have traded these systems have lost.
Why?
They were not in control of their emotions.
Are you?
Thanks to Chart Swing Trader for the link.
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LOL…. I’ve got too much control….and tend to get out too early….Of course, that only happens because my strategy isn’t overly complicated.
Yesterday I made what I thought was more than enough for one day and got out. Sadly, I think this is becoming more prevalent.
Comment by Andrew — 5/27/2009 @ 8:40 am
Andrew, making some money is better than making none or losing — and getting out early isn’t a bad idea in choppy markets. But in longer trends, it’ll cost ya.
Comment by BMB — 5/27/2009 @ 9:02 am