We always hear of the two most dangerous states of trading.
Fear and greed.
But I think there is one more state, that really drives a trader to financial collapse.
EGO.
Ego is thinking you’re always right where you ignore risk and caution.
It’s the voice in your head that tells you to make risky choices because you believe you know better.
To overcome...
“To err is human”
It comes from Alexander Pope’s poem, “An Essay on Criticism.”
This popular saying reminds us that making mistakes and feeling emotions are a common part of the human experience.
In the high-stakes arena of financial trading, most people run their trading through three main emotional states.
You might not be able to eradicate them completely...
Most people talk about Fear and Greed being the barometers to failure...
I think there is an underlying trait that is far superior which leads to ultimate account catastrophe.
EGO.
They just want to be right or they will have a hissy fit.
They refuse to take a loss...
They refuse to accept that the market is moving against you.
They find ways to disagree...
Hello everyone:
Lately many of you have messaged me about getting FOMO and entering trades without confirmations.
In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria.
I am hoping in today’s educational video it can help some of you guys to get back on track.
I want to share 5 main pieces of...
