Effective execution moving into and out of risk positions requires discipline and skill.
There is no room for procrastination, second thoughts, or emotion.
Buying and selling is a skill Many novices come to markets with dreams of riches. Buying and selling to execute orders while following a trading system may seem easy, but execution requires skill and discipline that can take years to refine. Experience is invaluable when it comes to entering and exiting risk positions.
Emotion can change the dynamics of a trade Executing in markets to open a long or short position gets the adrenaline going. Closing a position is another story. Taking a profit always comes with a nagging potential that gains may continue to grow. Taking a loss is the same as human nature is to question if a reversal will turn a loss into a profit. Executing the initial position is filled with hope and dreams; closing a position comes with doubt.
Learn to understand how markets work and how to keep your emotions in check.
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