Acting on impulse

This is a discussion on Acting on impulse within the General Trading Chat forums, part of the Reception category; Originally Posted by Hilarymannah Only if yew ingest it !! donkey kong...

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Old Dec 20, 2010, 1:40pm   #61
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Joined Jan 2007
Re: Acting on impulse

Originally Posted by Hilarymannah View Post
Only if yew ingest it !!
donkey kong
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Old Dec 20, 2010, 3:17pm   #62
Joined Feb 2009
Re: Acting on impulse

Originally Posted by arabianights View Post
donkey kong
super mario !
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Old Dec 20, 2010, 3:20pm   #63
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Re: Acting on impulse

look at this racism...
"What the **** is going on here?!" - Mickey B

Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
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Old Jul 23, 2017, 2:18pm   #64
Joined Apr 2017
Originally Posted by Joe Ross View Post
Depending on your personality, background, training, and experience with the markets, you may have trouble reigning in your tendency to act on impulse.

For some people, being impulsive is in their nature. They have trouble focusing their attention. For others, being impulsive is related to emotionality. Some people have so much trouble controlling their emotions that they react impulsively out of frustration. . When the extremely emotional trader encounters one of these setbacks, he or she becomes overly agitated, and may close a position early, or in a fit of confusion, make a major trading blunder that can only be remedied by closing the position.

That said, any trader can act impulsively at times. There are many situational factors that contribute to being impulsive. Research has shown, for example, that when people are tired, they have difficulty focusing their attention. As much as part of your conscious mind cares about sticking with your trading plan, your unconscious mind thinks, "Who cares? I want to take a break." Psychological resources are limited. When you push yourself to the limits, you will have trouble focusing on your ongoing experience, concentrating on your trading plan, and sticking to it.

Other people may be impulsive because they lack experience with the markets.
When you have an incomplete trading plan in which important aspects are left unclear, you will have trouble following it.

Thank you
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