Leave emotion out of trading
Had a chatbox chat with somebody going by the name PJ Trader, who sort of boasted this morning he traded 18 times, 100% winners. I assume it was in cpo futures. Looks like serotonin hormone built up and euphoria starting to set in. Euphoria is the trader's greatest enemy. What happens is that usually there is brashness and overconfidence starts impacting on discipline and the profit from the trades usually will disappear in the next trade, if not the next 2 to 3 trades. Well, he did say "Siok la, make 100% winners" So it is important to maintain discipline at all times in day trading. Oh, and "don't count your profits before the day ends." (see The Losers Guide)
Labels: fkli, index futures
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