The trading psychology of cutting winning trades short is addressed in this short video blog. Do you know it has mostly to do with your thinking? It's not that your thinking is flawed. The flaw is we believe wholeheartedly what the mind tells us. But it's not true. The video blog demonstrates that traders who believe what their mind tells them are at a … [Read more...]
Trading Psychology: Cutting Winning Trades Short: How to Overcome It
Our trading psychology is often confronted with the strong urge to book small profits on a winning trade. If we listen carefully, we often hear our mind telling us: I must get out now. I'll have a small profit. It's better than a loss ... How often have you said this or something similar before cutting a good trade short? Cutting winning trades short is one of the most … [Read more...]
