To stay separate from the herd we must remain emotionally neutral, resisting both fear and greed. This is only possible when you know that probability is in your favor. Then you don’t need to care about the outcome of a particular trade, you can remain detached from the outcome and let the law of averages run it course.

.

If you cannot control your emotions you cannot control your money – Warren Buffett

.

A fascinating aspect of Trading Psychology is that when the emotional influence on members of a group is low, Herd Mentality evolves into Group Intelligence.

.

Even the intelligent investor is likely to need considerable willpower to keep from following the crowd. – Benjamin Graham
- See more at: http://etfhq.com/blog/2010/03/16/trading-psychology-herd-mentality/#sthash.5NHqDjev.dpuf