What it means is basically that the trader thinks there is an opportunity in the market all the time. This prompts him to become overly eager to get into a bad trade, without much hesitation.
Normally characterized by:
- Placing a trading very soon after getting out of one
- 'Gut' feeling that there is always opportunity in the market
- Maxing out available margin for the largest trade size possible
- Feeling of regret once the trade goes wrong
- Taking very little profit but letting losses run too far
- Perpetually getting stopped out
I can say this is surely one of the most costly trading pitfall. If you can't recognize it and control it, you will lose a lot of money.
Trade safe.
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