"We have found that controlling emotions is an important aspect of trading. Greed and fear can cause a trader to make the wrong decisions. In other words, Bulls and Bears make money, Pigs and Chickens rarely do."
"A common mistake among novice traders is to hold on to losing trades and hope that the price recovers. Hope is what you want to happen, but is often different from what is likely to happen. When it comes to trading, hope is a four letter word. Holding on to losing trades can also result in opportunity costs, as capital remains tied up in losing positions and better opportunities are missed."
Why would anyone playing "The long game" watch the price movement every minute of the day, every day, for literally years.?
Why would anyone who thinks that they can predict where the price is going in the short timeframe by using their charting "skills" (:o)) not trade these fluctuations. Time to constantly monitor and post charts and comments, but not enough time to press the "Buy" button. Hmmm
-There are apparently "two ways of making money on Range"...
-How unfortunate that the resident permanently bullish "expert" has made a largish loss.
There are two ways of making money on Range, you can trade if you have the time and inclination of you can hold fast and wait fight the longer term gains. Get the trading right and you will make a lot of money but if you are not confident or lucky enough just play the long game. My thoughts are with those that followed bountyhunter's sell it is going sub 1p advice earlier and he says I cost people money :)
Lewis totally agree.. RSR is doing a good job... cant be easy for himand I feel confident that all is going ok... things take time... and I agree we will get our target .. and I think sooner than peoplethink
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