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The 7 Psychological Mistakes Traders make That Blow up Their Accounts
This week was a test in how well traders managed risk and how fast they could cut losses when the were wrong. If you made money this week BRAVO! great job! However the vast majority of traders likely lost money in the Bernanke Put trade finally failing and becoming a sell the news event. Most call option buyers were losers this week and most put sellers were crushed. This is the week that traders discovered if they were managing risk and would suffer single digit losses or blow up in leveraged positions. Buy the dip traders lost money for the first time in a long time. This market has been a difficult environment for ... (full story)
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