In his book "The Disciplined Trader" Mark Douglas says that there are seven characteristics of the objective, they are:
1. you don't feel pressured to do something.
2. you don't feel fear.
3. you don't feel fabricated.
4. you don't feel justified or condemned.
5. you are aware that the market is telling you to do a certain thing, then you do it.
6. you can rate or observing the market as is the case when you don't have any position (even if You're in a certain position).
7. you don't focus on the money, but the structure of the market.
When you can see these traits in yourself, then you've done the right thing. In trading, you don't have to be 100% correct, but you have to be objective.
Martin J. Pring says that a trader must not be "married" or "hostile" of a pair of currencies, because the pair had given the profit or loss. Once again, be objective in choosing a pair of currencies based on fact, combined technical analysis fundamental analysis as well as a good money management.
Don't Be an Emotional Trader
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Oleh
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