Home > Apprentice Trader Journals > Deb Says:Why are expectations so important?

Deb Says:Why are expectations so important?

This post starts out with a quote that I think is extremely important to all traders . That quote is:

” If market behavior does not conform to expectations, get out”…Schwager

If you think about it, as traders all of our trading decisions and actions stem from our expectations regarding price action and sentiment in the market and in individual stocks.

Hence, its really simple and short when the market’s behavior does not do what you expect it to do then just get out. Meaning, do not hope!! Hope is deadly to traders.

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