Category Archives: Mental Game

If you don’t know who the Patsi is, then it’s you..

Have you heard this?  While it typically applies to Poker, I find it just as useful in trading.  One of the biggest edges I have found is putting myself in the mindset of the trader sitting opposite of the position I am in or about to take.  Are they feeling panicked?  Are they feeling fat and sassy?  There is the edge, as their sentiment may abruptly see a change.  Whether it is a long term or a short term difference, the trend can abruptly change away from their feelings.  When they quickly react, as most will, it provides opportunity.