Arguably, the most difficult thing in trading securities is controlling fear and greed. Fear can keep a trader out of the market when they should be in – and in a market when they should be out. Controlling fear and greed is not an easy task. I learned many years ago that the only sure way to control fear and greed ()at least for me) was to have a specific set of conditions and lead you to a market entry – and a specific set of conditions that tells me it is time to exit. I will tell you how I do it, but to get the set of conditions you will have to get my eBook and do a bit of reading and analysis.

For a trade entry, I have a firm set of conditions that must b met to justify the trade. Immediately after entry, I monitor those same conditions very closely – and if things change and render my conditions invalid, I exit at that point in time.

If I enter a market and the trade goes my way, I have a set of conditions that will tell me when the party is about to end, and I exit when those conditions are met. I do not consider the money angle at all in making these conditions. That pretty well takes fear and greed out of the picture.

Do I win all the time – of course not. But I win often – like today – a very difficult day due to the thinness of the trading activity – I made four trades in two markets without a losing trade. Three winners in GBPUSD and one in FOREX – in the 10 Year US Bond.

None of the four were real big winners, but the four cumulatively, made for a good short day’s work.

If you can learn to control your fear and greed – it will make you a significantly better trader.


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