adam_hewison's blog
The #1 Account Killer: Emotion
Well, I have to say that emotions always lose out to a solid game plan when it comes to the markets. Here's a recent example; we received a buy signal for gold (XAUUSDO) at $905 basis spot on May 19th. The gold market ran up and reached an intra-day high of $935.30 before it subsequently collapsed. I'm sure many traders held on thinking that the sharp pullback was just a pullback and that gold would soon regain its footing and once again go higher.
Why subject yourself to that kind guessing and emotional type trading when there's a better way?
Using the MarketClub's non-emotional "Trade Triangle" technology we were able to exit the market with a small profit of $10.25 an ounce and rest on the sidelines as gold collapsed.
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