TIP: Just Be Yourself
|A candlestick may show different sentiments during its formation, specially candlesticks of large duration like the daily or weekly charts. If you want to become aware of the emotional states the candle goes through, start to assess your own feelings when you see the market moving. In most cases, your first emotion will be that of the crowd. Be aware of it.
Then, try to stalk the other side of the current market sentiment: who would enter against the current market move and what motives these participants may have. These are usually the professional traders - they act differently from the crowd. Soon you will be able to recognize who is entering based on emotions and who is entering based on objective analysis. Read More
Do you want to learn more?
Emotional Intelligence and What It Means to your Trading - Dr. Woody Johnson
Working Against Yourself Does Not Work In The Trade - Dr. Woody Johnson
Self Control and Trading Discipline - Steve Ward
The Four Steps to Removing Emotion From Your Trading - Rob Booker
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