Saturday, June 20, 2015

The Four Horsemen of Failure.


Ninety-five percent of the trading errors you are likely to make—causing the money to just evaporate before your eyes—will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. What I call the four primary trading fears.”" -

How do the deadly 4 manifest?

Being wrong
Not taking an early loss.
Moving a stop loss to give it more space

Losing money
Cutting gains short when a trade starts to go against you.  
Currently this is the one I struggle with the most at this stage in my trading 

Missing out
Chasing
Taking trades that don't fit into your system because they are moving. 


Leaving money on the table
Thelma and Louise, cliff... you get the picture. 



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