Get your mind right before you sit in front of your screens. Trading is a mental game – we all know that, but sometimes need to be reminded. Why do you think Fridays are always a volatile day in the market. People desperate to…
make back their losses by forcing trades that aren’t there. Great day to short by taking advantage of emotional traders. The human psyche will play tricks on you if you allow it. Emotions mixed with unprepared traders are what gives the volatility in the markets. When you let emotions take control of trade decisions, the outcome is rarely a positive one. Take your time, get your mind right and educate yourself before jumping in with the sharks!
People say they want to trade for a living, but then actually trade as if they have to retire next week! You need to crawl before you walk and walk before you run. Take your time, the only one keeping score is you.
