Loser

Have you ever had a losing streak in your trading? Have you ever wondered if it was just a simple drawdown? A flaw in your trading system? Or was the losing streak a result of something a little more sinister?

Having a losing mindset is a dangerous hazard to your trading. My trading blog entry discusses what you should do if you ever fall into a losing mindset.

Is your trading FINE? (Are you Freaked out, Insecure, Neurotic and Emotional when you trade?) Then read more...

Here's the intro:

In the movie "Italian Job," one of the characters responded that they were "FINE". But in their world of underworld dealings FINE is an abbreviation of Freaked out, Insecure, Neurotic and Emotional. So is your trading fine? If it is, then you've got a problem.

Here is a technique I use in my share or forex trading every so often that the trade doesn't go in the direction I want it to. And you didn't get out in time for any amount of reasons. So I present to you the technique of how to repair your trading position. This technique takes guts, confidence and guile. You are basically doubling up in the hope of raising the break even point of your original trade.

The market is always right. If you are a practicing professional trader that phrase has probably been run past you a few times already. But we always need a reminder. No one is perfect. We all make mistakes, its part of being human. Trying to take revenge on the market for blowing a large chunk of your trading float is normal. In the course of your share trading you may have held on too long to a stock or too short. The thing is we can never pick out the tops and bottoms. We are only there for the ride. We hitch a ride on the trendline and get off once the trend has finished.