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Don't let Captain hindsight uppercut your trading account!

by Timon Rossolimos

Captain Hindsight has three side-kicks.


Major Shoud've, Would've and Coud've. 

'I should've held onto the trade longer because I would've banked even more profit!'

Or, 

'I could've gotten out of my trade at break-even, but now I've taken a pathetic loss instead.'

If you've ever found yourself saying things like this, then you've been smacked by Captain Hindsight.

And so, today I'm going to show you how to beat the Captain and his cronies so he never destroys 
your trading account again!

Let me explain…

Captain Hindsight will tempt you to ask 'what if' questions!

The first thing the Captain will do is make you question your own winning trading strategy.

While you trade, he'll make you ask questions like:
·         What if I'm wrong about this trade?
·         What if the trade turns against me immediately?
·         What if my trading strategy is not going to work anymore?

When you ask these questions, you're basically second guessing your trading strategy.  In fact, Captain Hindsight is trying everything in his power for you not to take the trade you know you should.

Beat Captain Hindsight and his three side-kicks with this one simple move!

If you don't take the trade when your strategy signals you to, then you'll find that Captain Hindsight will take over control of your trading account.  

Basically, you'll be 'trading' a new strategy on feelings and doubt, which has not been back tested to show profits in the past.

And when you trade on your emotions, you'll ride your losers too long and cut your winning trades quickly.

And I can guarantee you now, the Captain will annihilate your trading account!

When you have a winning, back tested trading strategy, then you shouldn't ever need to ask yourself 'what if' questions again. You simply need to stick to your trading strategy, no matter what.

If you stick to your guns, and you don't let the Captain convince you out of your trades, your trading account will grow in time.

If you ever find that Captain Hindsight is taking over your trading, all you need to do is say to yourself is this!

'My trading strategy will reward me for following the rules in the medium to long term and will punish me for when I go against the system'

Keep taking the trades according to your strategy and you'll beat Captain Hindsight and his three sidekicks for good!

Always remember,

'Wisdom yields Wealth'


Timon Rossolimos 
Editor, Trading TipsSaveSave

Disclaimer:

Copyright 2016, Fleet Street Publications (Pty) Ltd. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. No action or inaction should be taken based solely on the contents of this publication. We do research all our recommendations and articles thoroughly, but we disclaim all liability for any inaccuracies or omissions found in this publication. The past is not a guide to future performance. Trading derivatives on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade any type of derivative instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.

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