You’ve done your analysis. The chart pattern set up nicely and is now giving you a signal to buy. You place your order and look at the monitor screen to confirm it. Now what? Streaming VF Unless you’re a very short-term trader such as a day-trader, maybe the best thing you can do is start watching some movies. At the very least you should get away from the monitor screen and do something else. Don’t sit and watch each tic of your new position in the market. Your mind will start playing tricks with you. I can’t stress how important it is to eliminate emotions from your trading. Emotions such as fear, greed and hope can cause many trading errors which will really hurt your trading results. I’m not saying you shouldn’t monitor your new position in the market. Just don’t stare at the screen, then live and die on each tic movement. The very best traders eliminate most or all of their emotions when trading. This is done by following a solid trading plan and understanding the psychological part of trading. The best thing you can do is put in a strategic stop loss to keep your loss small in case the market goes against you. Place this stop loss below an important support area. It’s best to never risk more than 10% from the buy point. This will help to keep emotion out of your trading which will enhance your trading results. So go watch a great movie and improve your trading at the same time. Gary E Kerkow, founder of Tradingmarkets4u, is a stock and commodities market expert. He is a successful trader and instructor, with over 20 years experience. CategoryUncategorized Post navigation Previous PostPrevious A Fun Way of Learning English – Watching MoviesNext PostNext Repairing Your Old Hair Replacement System – What Are the Benefits? Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.