Wednesday, January 28, 2015

fast thinking fast acting trader!!!

trading situations change much slowly than the traders can think

.......in other words, traders think much faster, if not much more than the trading developments happen

....majority trading mistakes happen because of this

....maximum 3 trends happen in 1 month whereas a trader thinks upto 10 or even more

.....since a trend, in actual, takes days to develop and show up, and since a trader can't bear the wait and must come to some conclusion, he cooks or extrapolates or imagines one, right or wrong

.....this make belief adhocism is the cause of all mixup....

in the anxiety caused by fear or greed, the trader wants to jump to a conclusion which is yet to emerge!

it is one of the biggest trading myths that trader has to be fast thinking and fast acting!!!

far from the truth!!!

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