Emotions, good or bad, are of little benefit to the commodities trader. Overexuberance at a good trade and feeling suicidal when a loss occurs serve no purpose. Wins happen and losses happen, and a trader needs to stay level-headed and focused, or be consumed by the market frenzy.
The phrase “married to a position” is used when someone has a losing position and won’t let it go, no matter what. Take my advice— get a divorce. When you see a position isn’t working out as you expected, get out of it. Being married to a position means you’re not being rational and looking at the trade objectively; you’re letting your emotions get in the way. Don’t do it. Go back to the reasons you initiated the trade in the first place. If the situation has changed, the best advice may be to change the position, too.
The phrase “married to a position” is used when someone has a losing position and won’t let it go, no matter what. Take my advice— get a divorce. When you see a position isn’t working out as you expected, get out of it. Being married to a position means you’re not being rational and looking at the trade objectively; you’re letting your emotions get in the way. Don’t do it. Go back to the reasons you initiated the trade in the first place. If the situation has changed, the best advice may be to change the position, too.
No comments:
Post a Comment