As you trade, have you ever heard a little voice inside talk about only what is going wrong? As the market moves against you, the voice whispers, "My money is on the line. What if I lose? What am I going to do? How will I meet my financial obligations this month? I need to win! The little voice moves you away from your ongoing, immediate experience to your emotions, what may go wrong in the next m...
Trading Educators Blog
Winning traders are disciplined. Discipline means controlling impulses and fighting the urge to abandon your trading plan prematurely. Maintaining discipline is often easier said than done, especially when the market is moving in your favor. It's hard to avoid closing a trade out early in order to lock in profits. Some winning traders face more losers than winners, and when you hit upon a winner, ...