Thursday, November 09, 2006

These are but a few of the many

errors traders perpetuate upon themselves time and time again.

These are not market-generated errors. That is, these errors do

not come from the market. The market is neutral, in the sense that it

moves and generates information about itself. Movement and information

provide each of us with the opportunity to do something, but

that's all! The markets don't have any power over the unique way in

which each of us perceives and interprets this information, or control

of the decisions and actions we take as a result. The errors I already

mentioned and many more are strictly the result of what I call "faulty

trading attitudes and perspectives." Faulty attitudes that foster fear

instead of trust and confidence.

No comments: