Over the years I have learned that there is no upside to emotional trading. The market is random, and if you try to guess what the next tick will be you will lose. In this post I walk you through designing a trading strategy that prevents your emotions from sabotaging your trading through the wildest of times.
Related To: Emotional Trading
Like most traders I got started as a stock picker following the most basic of rules: do your homework and have a diversified portfolio. This credo is sound, and it’s the approach I use for some of my accounts. The key to this more traditional approach is understanding that your emotions do play a factor in your investing decisions—and that learning how to manage your emotions can be the pivot between success and failure.
