CONCLUSION

The fly-fishing phrase “catch and release” implies an honor code, or a committed effort on the part of anglers to preserve the fishery by catching, properly playing, and gently releasing fish. Nowhere in that chain, from start to finish, is a sense of panic beneficial; panic only serves to break a line, a rod, concentration, and confidence. It can also harm the fish. Trading should be approached in the same calm, calculated manner, where stocks are handled with care and released accordingly. Adhering to your plan in this way means that you execute your trade plan free from emotion, thus enabling you to take nothing more and nothing less than what the market is willing to give.

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