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Old 01-10-2009, 10:46 PM
stratocaster59 stratocaster59 is offline
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Join Date: Sep 2008
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Keep emotions out of trading

Hey Om Salat, Hans, in fact all of us,

Fighting the little gremlins, the demons, the little man inside your head and especially the guy in the mirror is THE hardest discipline to overcome in trading.

If I could count the number of times I have recognised a good entry and the idiot in the mirror told me not to do it (FEAR) and the number of times the idiot in the mirror told me to take a trade when there were no triggers (GREED), I would be a multi-millionaire a couple of times over!

Something that worked for me was reducing my lot size from $10/pip to $1/pip. I can almost trade without fear doing that and the days of hot and cold sweats and your stomach in your mouth are almost gone.

The strategy is sound and proven so just focus on YOU.

You might want to try doing cleaning and ironing at the same time which seems to help some keep their emotions in check. (Sorry, Rocky, I couldn't resist!)

Strat
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