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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