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Posted By Topic: Winners or Losers - Emotions       - Views: 2745
Lrt
11-Apr 2010 Sunday 2:29 PM (5148 days ago)               #1
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Brought to you by Turf Share Racing Team

We come to the market from different walks of life and bring with us the mental baggage of our upbringing and prior experiences. Most of us find that when we act in the market the way we do in our everyday life, we lose money.

Your success or failure in the market depends on your thoughts and feelings. It depend on your attitudes toward gain and risk, fear and greed, and on how you handle the excitement of trading and risk.

Most of all, your success or failure depends on your ability to use your intellect rather than act out your emotions. A trader who feels overjoyed when he wins and depressed when he loses cannot accumulate equity because he is controlled by his emotions. If you let the market make you feel high or low, you will lose money.

To be a winner in the market you must know yourself and act coolly and responsibly. The pain of losing scares people into looking for magic methods. At the same time, they discard much of what is useful in their professional or business backgrounds.

All e breast



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bak chor mee
12-Apr 2010 Monday 10:35 AM (5147 days ago)            #2
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The question in trading is not how low you buy and how high you sell, the only important thing to make sure is Can you make the difference?

The auntie thinking in buying cheap is not going to work as things can get cheaper. Most people fall into this trap when they see big big blue chip drop to lelong price and grab them hoping to make big profit.

You have to be different to make a living in trading. Buy high and sell higher.




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Lrt
12-Apr 2010 Monday 11:08 AM (5147 days ago)            #3
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quote originally posted by bak chor mee:

The question in trading is not how low you buy and how high you sell, the only important thing to make sure is Can you make the difference?

The auntie thinking in buying cheap is not going to work as things can get cheaper. Most people fall into this trap when they see big big blue chip drop to lelong price and grab them hoping to make big profit.

You have to be different to make a living in trading. Buy high and sell higher.




'Buy high and sell higher' - True, you have to average up and not average down.



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