Emotions About Money Can Sabotage Trading

Emotions you feel on the topic of Money often sabotage trading success.

Has this ever happened to you? You carefully write out a Trading Plan. Your Trading Plan includes trading rules for entry, exit, money management and so on.

One day, for whatever reason, you feel you’re short of cash. So you trade more aggressively, ignoring your own trading rules. You take entries that don’t fully match your entry criteria. Or you exit with a small profit prematurely, contrary to the holding period required by your exit rules. Or you plunge, betting the entire account balance on the next trade!

...cont'd tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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