One Shot (Trade) at a Time

Easy to say, hard to do! Golf is ideally played one shot at a time, taking each individual opportunity as one occasion to hit a shot you’ve practiced. Trading is so similar! Recent trades in which you turned a profit or a loss will have no impact on your next trade, but human nature leads us to think they may. Trading poorly can leave you timid and afraid of the next trade and the losses it may bring. On the other hand, a string of winning trades (good shots) can leave you overly confident and subject to the pitfalls of carelessness. Striving to take each individual trade as they come (one shot at a time) will help you find a balance between respect and confidence toward the trade you’re facing.

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Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com

[tags]Golf, Trading, Trading Psychology, Winning Trades[/tags]