We have all violated this rule. However, it should be our goal to try
harder not to violate it in the future. What we are really talking
about here is the greed factor. The market has rewarded you by
moving in the direction of your position, however, you are not
satisfied with a small winner. Thus you hold onto the trade in the
hopes of a larger gain, only to watch the market turn and move
against you. Of course, inevitably you now hesitate and the trade
further deteriorates into a substantial loss.
There’s no need to be greedy. It’s only one trade. You’ll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the marketplace all of the time. Remember: No one trade should make or break your performance or the day. Don’t be greedy.
There’s no need to be greedy. It’s only one trade. You’ll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the marketplace all of the time. Remember: No one trade should make or break your performance or the day. Don’t be greedy.
No comments:
Post a Comment