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In the initial 1990’s, I finally worked out I needed a successful trading philosophy, to build my basis of trading knowledge around. I studied you will find many world’s best traders. This included William J. O’Neil, Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, Richard Dennis, W.D. Gann, Jack Dreyfus, Amos Hostetter, and many more. I found out they all traded with movement. They were for the most part, trend followers. I based my trading philosophy on changing premise many of the best option traders.
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It’s not uncommon for traders to experience all 3 of previously mentioned emotions in the same time; however this possible for traders conquer these emotional obstacles and join the 5% of ’emotion free traders’.