Fear – Distress Over Losses: Psychologically, our minds
process losses as more significant than a gain of the same amount. In trading,
our fear of being wrong will often be used as a reason for staying in a losing
position which leaves our accounts vulnerable to larger losses.
The most important part of trading is risk management. If
you have a consistent and objective approach to risk management it will allow
you cut your losses fast, and hold on to your profits!
Check it out....