We are all told that we should think carefully about our decisions in trading and investing however over time I have found that over analysing and thinking too much can cost you dearly in trading and investing. Many times we get an idea in our minds and stubbornly cling on to the idea even when clearly the trade is going the wrong way. I have seen people lose large sums as they get caught up in an idea which may sound very feasible but the market continues to go against them. Right now many IG Index customers are betting on markets to go down yet they have have been wrong for the last few months and US indices are close to new highs. To paraphrase John Maynard Keynes, “Markets can stay irrational longer than you can stay solvent”
This video gives you a few pointers. To learn more please go to http://www.winonmarkets.net