Learn Why Successful Traders Think Like A Casino

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There is a simple concept to successful trading that typically gets overlooked and discarded as soon as the everyday average ‘would-be winning’ trader encounters a few losing trades. They might have a very effective and profitable strategy but after a few losing trades, that strategy gets tossed out the window and the search for the next best strategy begins.

This is called ‘chasing performance’ and is a trap that normally leads to more losses. The way it works is that the would-be winning trader waits until the market is ‘trading well,’ winning trades have just occurred in other words, and then decides to start trading.

The moment he does, his trades lose and the feelings of betrayal and conspiracy come rushing in.

As the losses continue to mount, there comes a time when our would-be winning trader takes more pain than he can handle and quits. Of course the next series of trades are all winners which hurts even more.

Sound familiar?

If you’re reading this, chances are you are nodding your head in agreement and can identify with this unpleasant and all too common scenario. You are not along and most of us have been there and done that many times.

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