Monday, May 9

How Emotions Hijack trading

Every trades have experienced strong emotions in his/her trading and have struggled with them. One of the main reason for erratic trading results ie. Having big loss because you stayed on the trade hoping the market will reverse or missing out on big profit by exiting early have been attributed to emotions.
Strong emotions have affected your trading. Most of traders put lot of efforts to overcome this problem by learning on technical analysis learning more and more techniques every day, attending lot of Seminar and Webinars But that doesn’t seem to matter.
Lets take a small Example
Ankit recently attended a trading seminar and he learned a new strategy and he wanted to apply the strategy in market, He does paper trading for few months satisfied with results, He now wanted to take a live trade.  Ankit  get into a trade during mid session as the rules of new strategy he has learned in the seminar.
Ankit took a trade in Nifty Future Long at 7860 for a target of 7920 SL 7840.

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