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Title: A Few Thoughts On Trading Attitudes
Words: 3553
A Few Thoughts on Trading Attitudes
Originally Updated: 22-Feb-99
The emotional side of trading is often ignored, yet it is a critical part of being a successful trader. Whereas long term investors can actually forget about their positions at times, traders must stay aware. Today's Stock Brief focuses on the attitudes in the middle of a trade, when you've taken a position but have not closed it yet.
Here are six possible mental attitudes we all might go through after taking a position.
1. I made a mistake.
2. Why isn't this happening?
3. I should have taken a bigger position.
4. It can go even higher.
5. I did this just right.
6. It's better than I expected.
Here are someof Briefing.com's thoughts on each of these.
When you think, I m ...
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