Impulse trading [ Ссылка ] Avoid spread betting or trading on impulse. There are two types of trade:
1) The sensible, carefully planned one where you've entered at a pre-determined level.
2) The impulsive one where you've entered because you can't stand being out of the market.
Needless to say -- trade number one can make you rich, while trade number two can make you poor. One thing's for sure, no-one gets rich if they allow the number two trades to dominate their trading behaviour.
