Hello everyone this is Adam,
I just want to thank you all for all your comments on this posting. I've taken some personal attacks on this from people who don't know me and who accuse me of being a racist. I found that one comment repugnant, and certainly not reflective of my views on humanity.
I have also taken plenty of hits from those of you who think I am on the far right and hate President Obama, nothing could be further from the truth. And those of you who think I hate the left, you are also way off base and incorrect in your thinking. So then, I must be a right wing nut? Sorry, no on that front also.
So why would I intentionally post something on our very reputable blog just to bring out peoples emotions? It was to bring attention to an important trait that you must have if you are going to be successful as a trader. Here's the takeaway lesson, and it has everything to do with the markets.
What I am talking about is EMOTIONS. Bottom line is, personal emotions have no room in trading or investing. Just look back, we are all guilty at some point or other of letting emotions get the better of us in trading. Here is a typical scenario, you get caught up in some story or tip from an expert on TV and you irrationally put on a trade. You have given this trade, no thought or analysis, yet you are committed and in the market. Then what happens? You guessed it, you lose money.
So here's the question I have for you, if the market throws you an emotional surprise, do you act emotionally to that news or do you have a clear game plan that is well thought out and void of emotion?
Here is what I mean ...
The market is not personal, it is not your best friend, nor is it your worst enemy. The fact is the markets are just about as cold and emotionless as you can get.
What causes all your problems in the market is not this blog posting, which I knew would cause an uproar, hence the title "This is going to infuriate some folks but it needs to be shared"
IT'S YOUR EMOTIONS!
Once you get emotionally involved about a market, all of those human frailties begin to sneak in. You know the one's I am talking about,fear, greed, anger, frustration, happiness. I would absolutely bet that many of you have had those emotions sometime when you have been trading.
As a trader emotions are by far the biggest hurdle to conquer. It is far easier to find a trade and go long and then take a profit, than getting your emotions under control.
MarketClub's Trade Triangles do an excellent job as someone commented on this particular blog posting of providing a non emotionless way to trade the market. If you take ALL the TT signals in a disciplined, emotionless way, you will make money with our service.
Win, lose or draw, try to keep your emotions in check when it comes to the market.
I want you all to know that our mission here at MarketClub is to help you become a better trader. Sometimes on a blog like this you have to be dramatic and a little edgy to make a point, this was one of those times.
So here is the bottom line, leave all those emotions behind you when you put on your trading face.
Here's to your best year ever in 2012. You can achieve this goal when you eliminate the "BIG E".
All the best in 2012,
P.S. Are your emotions in check when it comes to trading. I would like to hear back from you