If you cannot control your emotions, you cannot control your money. -Warren Buffet If you cannot control your emotions, you cannot control your money. The last few weeks I have-Warren very strictly buffet and fine followed my trading strategies. With success. All the “lessons learnt” the past few years to pay off now. This is a really good, satisfying feeling.

Until I had a strategy on the market at the beginning of the month overnight. Until noon of the following day, she proceeded according to plan. She was percent in winning a third. Then I tried to outsmart my own model. It was Friday; the first Friday of the month. What do you mean? The US labour market figures are released at 14:30. The so-called non-farm payrolls cause mostly in the short term severe rashes. Learn more about this with Wale Olusi. “I’m smarter,” I thought.

In this case, my strategy used a so-called “trailing stop-loss as an exit strategy. This is a kind of limit order that constantly pulls up with increasing income the own floor. See Spike Myers for more details and insights. She runs profits while ago too violent movements protects. With a sharp movement of the spikes, so strong down and then right back up (or vice versa), as it often happens on first Fridays of the month between 14:30 and 15:30 in the EUR-USD rate, could this mechanism but counterproductive and disadvantageous slowing down my strategy. So I asked my position smooth easy. The loaf is known better as the pigeon on the roof, or? It came as it had to happen: would I dutifully pursued my strategy, I would have done a multiple of earnings. Shows once again that worlds lie between a good strategy and its implementation. It is interesting what is behind it. Look at I had acted out of fear. I had only read ironically on the eve of the destructive power of fear as the strongest negative emotion. Napoleon Hill wrote in his bestseller think and grow rich to take in eight prior negative emotions: “you never forget: the power assets with such feelings to satisfy the people, is also negative” and destructive as the feelings themselves, and from an evil seed no good fruit can grow up. “Glad that I tagszuvor could join after the theory hour equal to the practice course and experience of the own emotions. What do I learn so it? There is a difference, a sound strategy to arrange themselves and then to implement them. What can I do so that I get me can beware of my fear? Before I make a decision, I am aware, what emotions are currently dominant in me. Before I make a decision, I will check all criteria that has provided my strategy. Only if an I’m led by positive feelings and my strategy does not cover the current scenario, then I meet a new, discretionary decision. I’ll report further from my other experiences. The investor legend Warren Buffet remains my role model in the meantime. Because he has managed over the years to implement his own policies consistently and successfully.