Most traders fall into 2 main categories of emotional bias when trading, either FEAR or GREED. In this post I want to focus in on FEAR. When trading the Hard Right Edge without any plan or structure around your trading endeavours inevitably leads to losses and then FEAR of losing more money, otherwise known as ‘Recency’, where your trading decisions are affected by your recent past track record.
A past client of mine contacted me recently for help because despite having a track record of profitability he had started to experience a losing streak and was watching his hard earned Capital slowly ebb away towards his initial investment amount. This is a precis of some of the things I messaged to him on Skype……Continue reading