Anyone is allowed to make a mistake. When the same mistake is repeated a second time, caution should be noted. The third repetition of the same mistake is a self-destructive behavior that must be reversed. All exchanges must immediately cease until the dealer examine themselves. Once the reason for the repeated errors are detected, usually fear, anger or guilt, it must be corrected before the negotiation begins. Some traders lose money because they are subject to feelings of guilt.
Any flaw in the character of a trader,
such as greed, hatred, revenge, arrogance, etc., will soon result in a loss of money. Operators must know the market and that they know themselves. Negative feelings towards any person, or oneself, to be replaced by the understanding that these feelings eventually lead to the personal and financial destruction. Negative feelings prevent the trader to realize its maximum growth potential, as his choice for growth were limited by his self-destructive thoughts.
The electrochemical system of the mind sends pulses of energy throughout the body of each atom. Thoughts create feelings experienced by the Trader. Operators should make Trades based on the analysis of price action science, not emotions. Deschapelles, the French chess champion, would give his opponent a pawn before the game began. This action always provided the necessary pretext to lose.
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