It is the wish of every trader to be a consistent trader.
And it’s not just about consistency in executing his or her trade plans, but also being able to achieve a consistent return over time.
One of the greatest pitfall for many traders is having one big bad trade that wipes out most of the capital. It can then take years to repair the financial and emotional damage. This scenario can happen during extreme market conditions, when greed or fear takes control over you.
The following video gives an example of such a case, and is worth looking at to constantly remind ourselves not to succumb to your emotions. How many times has it happened to you?