Forex

Most people feel a strong urge to join the crowd and to "act like everybody
else." This primitive urge clouds your judgment when you put on a trade. A
successful trader must think independently. He needs to be strong enough to
analyze the market alone and to carry out his trading decisions.
If eight or ten people place their hands on your head and push you down,
your knees will buckle, no matter how strong you are. The crowd may be
stupid, but it is stronger than you. Crowds have the power to create trends.
Never buck a trend. If a trend is up, you should only buy or stand aside.
Never sell short because "the prices are too high9'-never argue with the
crowd. You do not have to run with the crowd-but you should never run
against it.
Respect the strength of the crowd - but do not fear it. Crowds are powerful,
but primitive, their behavior simple and repetitive. A trader who thinks
for himself can take money from crowd members.