I’ve often mentioned about traders working with scared money and the negative influence it can have on performance. I was going to write my own specific piece on this however as luck would have it I found a better option by Chicago Sean. I couldn’t explain it any better than he does in his piece.
Furthermore there’s a YouTube clip that I would recommend watching. It’s fair to say the trader in question is having a very bad day.
http://www.chicagosean.com/2010/11/19/the-minimalist-trader-trading-with-the-rent-money/
Enjoy!
FXTraderPaul
February 22, 2011
forex, FX Trading, FXTrader Paul, Humour, Trading Performance, Trading Psychology