Market Talk – November 25, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 496.29 points or 1.30% to 38,780.14 • Shanghai decreased 3.43 points or -0.11% to 3,263.76 [...]
How to Survive Your Own Trading Decisions
We are in one of the most dangerous periods in many markets from metals and stocks to currencies and bonds. Many people end up buying highs and selling lows because they trade emotionally. They assume if something rallies one day that the trend has changed. If you want to survive your own trading decisions, you have to trade dispassionately. Assuming a market will continue in the immediate direction is what leads to losses and all the studies show that the vast majority of people do not make money — they lose money.
This is the whole purpose of creating a defined model to take the emotions out of the decision process. Achieve that, and you will see your profits rise. You have to learn to survive your own trading decisions.
At this year’s WEC we will have a day of workshops and a technical analysis course day.
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