“The larger the position, the greater the danger that trading decisions will be driven by fear rather than by judgment and experience.” –Joe Vidich Trading with fear is a losing proposition, as it will inhibit your ability to enter a profitable trade, or cut a small loss before it becomes a big one. Fear generally …
Greed “Lesson number one: Don’t underestimate the other guy’s greed.” Greed: intense and selfish desire for something, especially wealth or power. Greed causes traders to trade too big and risk too much. Greed is the best get-broke-quick scheme available to traders. There are no shortcuts or secret strategies that will replace homework and the school …
“If you want to make money in the markets, you have to build real faith in yourself as a trader, and believe in your winning methodology after doing the necessary homework.” –Steve Burns It is important for new traders to have faith in themselves and their trading plan. If you don’t have confidence in yourself, …