It is said that the forces of fear and greed rule the trader and whether they succed in their endeavours in the market. In Malaysia though, the EGO is especially more prominent, judging from the irrational behaviour of the traders. 99% of them are too caught up in the emotion of EGO that gives them the urge to show off, they make forecasts out of thin air, just to say "I told you so" when their forecast comes true. They will also incessant talk about and focus on 'their great trade"... as well, they will announce their daily results such that they can say to the other trader:"I made xxx dollars today, have you made moneytoady?"(if you did not, then you are inferior)
1 Comments:
Hi master,as a learning trader in bursa malaysia, can i ask some advise from you...
how do we determine when its the time to not trade ?
u mentioned about livermore's sitting capacity, are you suggesting people to look at a more longer time frame ? wouldn't we should continuously monitoring our position even after the market go in our favor ?
Really appreciate your view.
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