Continue reading...Jack is a trader, but not the cool, calm, collected sort of trader you would think. Yet he stills manages to be profitable by tailoring a trading strategy to suit his mindset. So how does he do it?
Our Jack is a trader. Not that you?d employ him because he is not the cool, calm, non-emotional, confident and steady-under-fire character of the job description. A highly emotional chap is our Jack. He is always scared stiff and sure every trade is going to go wrong. He hates losing and any loss wounds him deeply and stays with him for weeks. He is as greedy as hell and absolutely hates giving money back and watching his profit deteriorate. On top of all that, he?s frozen fingered and can always be relied upon to come up with some reason why he should not enter or exit a trade at the time he planned.
Our Jack?s a loser, right? Well, no he?s not because he knows himself and his emotions extremely well indeed. Our Jack has chosen to work with his emotions rather than to try to defeat...
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