Moody Trading, 4

...cont'd from yesterday...

To complicate things, have you noticed experienceing different moods when using different methods of trading?

For example, to day trade news flashes you need a mood involving high speed and ultra-confidence.

To position trade trend following system, you need a mood of leisureliness.

Switch those around and you’ll get your account balance shredded.

Go ahead, try it. See if your account doesn’t get shredded when you are in a leisurely mood while day trading news flashes. Or try a mood of high speed ultra-confidence while in a trend following position trade and see if you don’t get suckered into taking profits too early while in a high speed ultra-confident mood.

...cont'd tomorrow...

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