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When Your Setups Don’t Work – The Psychology of Trading Uncertainty |
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By Alex Wasilewski
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October 19, 2010
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Even the most tried and true trading setups do not work 100% of the time. So what do you do when you setups aren’t working? Do you stop using them? Do you get mad at the uncertainty of trading? Let’s take a look at how setups sometimes work perfect and sometimes throw us to the wolves and the psychology of bouncing back from losing trades.
*Please note that this video was previously recorded and price levels referenced in the clip are for demonstration purposes only.
For more from Alex, visit PureTick.com.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency. |
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This website is for educational purposes only. Offers and events from 3rd party vendors are provided for convenience only. Trader Kingdom is not responsible for the content of a 3rd party website or their services.
Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
