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Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets by Robert Robbins

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Pitfalls

Acknowledge your fears, manage your risk, accept your limitations, learn from your mistakes, and move confidently forward.

—Nassim Taleb

We all have different psychological profiles, which means that you bring a set of assets and liabilities to the trading arena that you do not share with any other trader. Despite your unique mental makeup, however, the odds are high that, during your trading career, you will encounter at least one of the mental trading pitfalls discussed in this chapter. Some of these pitfalls may be problems that have already presented themselves to you, while others may lie in wait stealthily for several years before ...

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