“There are only two emotions in the market — hope and fear. The problem is, you hope when you should fear, and you fear when you should hope.”
— Jesse Livermore, Speculator King
Refining your systemic approach to trading is a good way to overcome costly emotional reactions to market moves and spot profit opportunities.
Analyze your trades to learn from your winners and losers.
Let go of ego, so it won’t get in the way of proper and objective analysis of your actions.
For sensible speculation, build your trading system on a solid foundation of mind, method, an money management.
Enjoy a great weekend!
PS I’m on the road this weekend, so next blog post is scheduled for Monday.