Download EBook : Larry Lewin – The Secrets Of Emotion Free Trading

Larry Lewin – The Secrets Of Emotion Free Trading

Our first trader is Ned. Ned is an off-the-floor trader who day trades the S&P 500 Futures. He’s been trying to be consistently successful for the last six months. Unfortunately, it hasn’t worked out very well. But it’s not because of his methods that he’s having so much trouble. No, the main reason Ned is not making the kind of money he wants is because he cannot control his emotions and consistently act in his own best interest.

From the very beginning, Ned was confident he would be successful day trading the S&P’s. He’d been very successful in his previous business. Ned owned a retail printing company and he’d learned to make good sound business decisions that helped him become very
successful. He almost never made any major mistakes that were detrimental to the business. In fact, in over the nine years he owned the company, he really prided himself in always looking at the big picture and keeping his business moving forward. On the rare occasion when something did go wrong, Ned worked at lightening speed to fix the problem, and many times he turned the crisis into an opportunity.

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