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Hope – Hopeful traders are closely related to gamblers. They’re into this market ‘hoping’ they’ll make revenue. They place trades and ‘hope’ and also go within their direction. They often let bad trades run into even worse trade hoping the market will turn and bring them back to profit. Hardly ever let good trades turn bad that they hope industry industry will which bit extra and make them a few more pips. Hopeful traders have no real plan and use little market analysis his or her trading. These are similar to some novice snooker player who simply ‘hits and hopes’.
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