Nothing is more exciting then
getting into a trade that blasts off and puts you into a highly profitable
situation. This can cause major problems however, because this type of trade
puts you in a highly euphoric state and leads to daydreaming about the huge
profits still to come. The real problem occurs as you get caught up in the
daydream and expectations. This causes you to not be prepared to get out as the
market reverses and wipes off all your profits because you have convinced
yourself of the eventual outcome and will deny the reality of the situation.
The simple remedy for this is to know where and how you will take profits once
you enter the trade.
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