Surely money losing trade when we go too early, more than if you go too late in the transactions.
This is a real problem that we all have co do not have enough experience. The pull to make money for people like us, is greater than the potential risk. Leading us more greed than fear.
We have learned to see what the market intends to do. We have learned to predict things and to look ahead. This was more afraid not to lose money "could win" than those in our pockets. This is the Achilles' heel emotsiaonalnata traders. You be able to overcome it, then you will become really successful.
So how can you prevent it, what should I do to solve the problem?
What can help us most is to make a list that includes at least 3 of the 4 elements of a winning deal. Not in our list? Then just do not do the deal. Our list is needed to make sure that we are not doomed to failure. This helps us to turn our backs emitsiite and to use our strategy.
This is a bit like hunting. Once inside the game, there are three important steps; the first is to take a breath, the second - to aim and third - to press the trigger. You can not rushing into it ... the same way and in trading.
We must learn to wait, to be cautious, to realize that our every transaction in which incorrectly assess input can go against us. Surely as we are emotional - the worse will be our entrance. Attempts to prevent this error are very difficult to implement.
Really the fear of not losing money causes us to act too quickly to jump before we look? Keep in mind that many earn money with trading and there will be enough other transactions around the corner. No best deals they kill. That's the bad transactions in which we go too early. To win big learn to wait.
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