Why People Lose Trading
W.D. Gann: Rules for Trading
You and every other trader has experienced it and experienced it far too often I’m sure: The market approaches new highs or lows and the mass psychology is for prices to reverse.
Prices “should” reverse, but, when prices pass through old highs or lows, hesitation and other ‘habits’ flood in as a response. The general outcome causes delay. And, that response is counter to our best interests.
Why does this happen?
Well, it’s nothing new and, in fact, the market master WD Gann was very familiar with it.
Familiar enough to write it down as one of his important rules for successful trading.
Human Beings have a built-in predisposition that’s contrary to trading correctly or successfully.
As this is common to every Man, it’s a good idea to understand our own Nature better in order to reign-in the less helpful parts of it.
Read what Mr. Gann wrote about it’s origins and what to do to outwit our habit nature in order to achieve better success investing and trading.
For more about this contrary approach to successful trading from the pen of WD GANN himself, CLICK HERE.