From Linda Bradford Raschke: Markets can change quickly. The more unbiased a trader is, the easier it is to change with the environment. If he starts to develop a bias that is not warranted by the technicals, but is caused by emotions or poor reasoning, his body signs and language more often than not will tell him. Most professionals know when they are in a bad trade and know when they are making a mistake. The more trades a trader makes and the more experience he gains, the more he will learn to recognise his own personal signs that indicate he is indeed in a bad trade. Of equal importance, he needs to remember how his body feels when he is in control and has a winning position on. The best traders learn to take this one step further and add to a winning position. Green light go! Step on the gas! This concept is as crucial as learning to recognise when a trade does not feel right. It comes down to knowing what lessons need to be learned. He should never do himself the disservice of...
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