Xeon trader's profile

Ask Any Successful Trader and They Will Tell You:

“The Most Important Part of Trading is
Learning to Master Your Own Emotions”

What exactly does that mean?

Well the idea is simple, you can have the best strategies in the world and even the best
money management rules in place and none of it will mean a thing if you can't control your
emotions and follow the plan you have made for yourself.

You see, one of the key skills you need to learn is how to read supply and demand. That is a
skill that is going to take practice. Essentially supply and demand is the movement of prices
caused by people. So what is motivating these people to either buy or sell?
The straightforward answer is emotions, particularly the emotions of greed and fear. Learning
to understand supply and demand and greed and fear will go a long way, and help you with
your trading.

But don't forget you are susceptible to the same emotions of greed and fear and how you
deal with those emotions is what is going to make you a truly profitable trader. If you fall prey to these powerful emotions you simply won't follow your rules. You will also start trading poor set-ups because greed is in control. You may sell too early because of fear or hold on too long because of greed.


Just to share...


-Copy and Paste from-

Trader Secrets™ : Trading Psychology

Money Management... 80% Technical analysis ... 20% Fundamental... Instinct and Luck!!!

--Total of 100% Psychological and Emotional Control---