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The Five Sentiments -
05-10-2009, 06:38 AM
We are constantly urged to keep emotions out of the trading
arena, and that is sound advice. But, during each and every
trade, I guess everyone experiences one or more of these five
states of mind:
ONE:
"Oops ! I misjudged the market - Get me out of here, now."
TWO:
"It's going my way, but I could still lose a lot of money, here."
THREE:
"Stop beats entry. I can do no worse than break even."
FOUR:
"I've at least made my target - Now what ?"
FIVE:
"Hey, this is rolling ! How far can we go ?"
-
Chris
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