Quote Originally Posted by ;
A rational motivation to exchange Forex markets could be money, but are we fair? Dan Ariely and behavioral economists told us a different rationale.

Once we look at history of mankind for the last 3000 years or longer, it makes more sense , it is irrationality that will prevail and dominate individual mind.
Bizken, very good article.

Let me provide a pertinent example. It took me to conquer this relevance issue.

I enter a position let us state for a 100 pip profit, together with stoploss of 80 pips. The transaction goes . It goes against me by 70 or 75 pips virtually touching my stoploss. Then position changes, PA begins coming back and return to the point where I initially entered. It goes farther up and I am 10 or 20 pip positive. I used to close my position for those 10 or 20 pips instead of wating for it to reach on my TP of 100 pips. Fearing that it could go back to my own stoploss.

Same used to be authentic for PA first moving in my desired direction, then coming back and showing me a reduction of 10 or 20 pips.

It took me months to not think in terms of this relevance and stick with the TP and SL as initially set.