1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

The Five Sentiments

Discussion in 'Forex Trading Systems and Strategies' started by ChrisEccles, May 10, 2009.

  1. ChrisEccles

    ChrisEccles Private, 1st Class

    Joined:
    Feb 13, 2009
    Messages:
    47
    Likes Received:
    0
    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
     

Share This Page