Pain and Pleasure During Trade

The Real Emotions that Drive Markets

Most Traders will try to:

# Rely on pattern recognition and systemized rules to distance themselves emotionally from the market.

This will not work:

#Traditional Strategy ignore the fundamental fact that trading is a game between people.

# To win at trading you have to take money from another traders account.

#This requires them to make the wrong decision.

Therefore,the key ingredient in a successful trading strategy is:

#Being consistent at recognizing when masses of traders have made a mistake.

#Wait for them to be pushed into pain.

#Use their liquidity to enter and exit the market at the right places.

#Think if you were trading big enough positions where you actually had to worry about getting filled.

#Your entire strategy would have to be based on other traders being wrong.


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