26/09/2021
Fear can have a significantly limiting effect on trading behaviour. Naturally, your mind will want to find the safest option to ensure survival. In terms of trading, this means that if a trade looks like it is going to lose profit, your natural instinct would be to pull out of the trade, so that you do not incur further losses.
However, this can steer you away from a carefully planned trading strategy. Even worse, it could cause you to make rash decisions, with the hope of turning that losing trade around, causing you to lose much more money. Instead of focusing on the long term plan, your mind wants to focus on making the best out of this short term losing position. 🔥Stay Beastly
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