Latest Trading Lesson Posted By Nial Fuller The Psychology of Trade Profit Targets Posted on 24th April 2017 "The hard, cold reality of trading is that every trade has an uncertain outcome." – Mark Douglas I want you to re-read the above quote by the (unfortunately) recently passed Mark Douglas, who was one of the greatest trading psychology educators ever, if not the best ever. The uncertain outcome of any given trade, or the random outcome, is the reason why it seems so difficult to determine when to take profits on a trade. The truth is, us humans have an innate desire to control things, situations, and even other people sometimes. So, when that innate desire meets the uncontrollable market, there is bound to be some, shall we say, cognitive dissonance involved. When situations do not unfold how we want or expect them to, it makes us frustrated, angry or sad. When it comes to trading, this is exactly why you cannot expect any particular outcome on any particular trade, because if you do, you are going to jump-start an emotional storm of negative feelings that cause you to commit account destroying trading mistakes if the outcome you expected on a trade isn’t the outcome you got. To avoid making these mistakes, it’s critical that you understand the psychology of profit targets…   Click to continue reading this article here