Source: slopeofhope: Slope Of Hope with Tim Knight

In a niche where a decision has to be made on a short notice; where perception, no matter how far removed from the truth, can just be as important as reality; trader’s psychological makeup counts just as much as his trading skills.

Having spent considerable amount of time in the trenches of the trading world and enjoying the company and occasional banter with traders, tales of how good trades goes awry is the stuff of some conversations. And most of the time, it’s a case of emotions getting in the way of slinging a potentially good trade.

If you’ve been trading a market for quite some time, you’d get acquainted with all sorts of emotions known to mankind. Frustration and exhilaration… Highs and lows… Adventure and depression…. It’s all part of the trading journey and anyone who states otherwise is not human. But of all these emotions, nothing is as potent as fear and greed.