YTC Price Action Trader (www.ytcpriceactiontrader.com) | Trading Reviews and Vendors


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

  #76 (permalink)

Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 778 received

I find myself getting emotional after only one trade - whether it's a winner or loser. Losing leads to risk-avoidance, and winning leads to over-confidence. OK, over-confidence isn't one single emotion, it's more difficult to nail down than that. In fact emotions generally difficult to nail down and recognise. Generally if i can recognise it, I can compensate for it alright - recognising it before I make a stupid decision is the difficult bit.

In YTC PAT I don't think Mr Beggs offers anything directly to help, but he puts us in the position where we're very likely to find way to deal with it, i.e. with his structure, his emphasis on review and so on.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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