Oct 12, 2016

Don`t Become Obsessed With A Particular Market

It is easy for a discretionary trader to become obsessed with a particular market that has delivered a few straight losing trades, thinking that the market owes him something. This is a bad mental state to enter.

This happens to most traders once in a while. Traders that trade only one market are particularly prone to suffer from this malaise. After three, four or five losing trades in a row, a trader will feel that he has been fooled by the market. Do not try to recoup losses from a market after such a situation. You are probably just out of synch with that particular market. Look for a fresh trading setup in a different market, stock.

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