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Why Mechanical Trading May Be Your Best …chance at success

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http://www.netpicks.com/thinking-mechanical-trading-systems/ - Read more

We here it all the time as traders: Emotions will kill your chances of trading success.

Anybody whose been in a trade and allowed emotions to dictate their course of action understand this to be true.

Maybe it’s moving the stop further from oncoming price because you can’t emotionally handle another trading loss.
Maybe it’s seeing some quick moves in your favor and you cash out because the amount will cover your previous losers.
Perhaps it’s buying the highs after a big run up or selling lows after a decline because you can’t miss a move.

Whatever thing you have done in the name of emotions..know it was the absolute wrong thing to do.

Emotions in trading will seriously impede the progress of a trader.

- See more at: http://www.netpicks.com/thinking-mechanical-trading-systems/

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