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We're all sheep traders now

Posted by: Chimpmuck (a.k.a psisson) on Nov 20, 13:34 in response to Mealticket's post If there are no more adjusts, then what are we doing here...

A sheep trader is one who lacks a focused trading strategy and trades on emotion and the suggestions of others. This type of trader often makes rash investments without first determining whether these decisions are financially viable. The behavior of sheep contrasts with that of others who have focused views about the market.

Like a sheep, this type of trader is a follower, relying on a shepherd for guidance. These shepherds can come in the form of trade publications, industry blogs, or forum prognosticators. Sheep-like traders base their investments on what is being talked about or traded the most. They are the most likely to sustain investment losses because they have no clear investment strategy.

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