Do you want to be The "Perfectionist" in trading ?

Perfectionism may help some people succeed in many other careers. It is often the difference between success and failure.
We have all been brought up knowing that we must strive to be all that we can be, and to put everything into achieving our goals.
But perfectionism can be fatal in market timing (and all trading). Ironically, it leads neither to higher performance nor greater happiness. Anyone who approaches the financial markets with the intention of winning on every trade, or even on most trades, is in for a huge surprise.
Perfectionism can destroy your enjoyment of market timing. The perfectionist needs to be a winner in all or most of his or her trades. A losing trade may escalate to a panic-like state. It can even cause you to miss buy and sell signals out of fear of the results.

Continue Reading