Wednesday, January 27, 2010

4 kinds of trader reactions in shaky markets

I have noticed that there are 4 kinds of traders on the basis of their reactions in very shaky markets:-

1) Those who don't accept what is happening in front of their eyes (are in self-denial mode), but stay calm,

2) those who accept the reality (are not in the self-denial mode) and stay calm,

3) those who accept the reality but are still impatient, and

4) those who don't accept what is happening in front of their eyes and are impatient.

While the first ones are Immatures, the second ones are Matures, the third ones are Amateurs and the forth ones are plain Foolish.

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