December 10th, 2008
Chasing the Market (3 of 26)
Written by
Kirk |
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Wait for the market to come to you 100% of the time to prove that you are disciplined. If you chase the market then you are not disciplined. If a trader says he waits for trades but anticipate the signals and jumps in the market then he in not a disciplined trader. He might win several times but it is that one big one that usually wipes out the account. Discipline must be practiced on every trade. When it is said that the market will reward you it usually is referring to less of a loss on a losing trade than if you were stubborn and held on too long to a bad trade. Also waiting to get in when the signals are present so you can have more winning trades whether small or large.
Tags: chasing the market, Disciplined Trader Series, Emotions, forex strategy, market, signals, The Disciplined Forex Trader
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