THE FIBS TRADERS TELL

1. The losing position wasn’t my fault, the market moved against me.

2. The trade was right and the market wrong.

3. I just have bad luck.

4. Eventually the stock will go up (or down)…eventually.

5. Bigger size equals bigger profits.

6. No need to close the postion just yet.  I can average down.

7.  Because I made so much money on the last trade I can take on more risk the next.

8.  If the market is going down I can’t make any money.

9.  I need to trade a larger account in order to be a better trader.

10. I’ve had many winners in a row, so now I need a big loser.

Any of these resonate with you?  I am sure there are others but there is not enough room here to elaborate.  Besides, I need to get back in the market.  It can’t move without me!

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