Wednesday, January 26, 2011

emotions,inexperience& trained gut (words from masters)

"there is a big difference

between trading emotionally and trading from your gut.

...trading emotionally means reacting to fear and hope, which can destroy your trading decisions.

...trading from your (trained) gut is different.

inexperienced right-brain traders are susceptible to acting on ideas

based on feelings drawn from erroneous principles

because they have not sufficiently trained their right brain in proper trading principles.

they have not yet supplied the right brain

with enough of the raw material required to make proper judgments.

for this reason, the gut reaction of the novice trader will often be wrong."

- Curtis Faith

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