Tuesday, November 07, 2006

Trading presents us with a fundamental paradox: How do we

remain disciplined, focused, and confident in the face of constant

uncertainty? When you have learned how to "think" like a trader,

that's exactly what you'll be able to do. Learning how to redefine your

trading activities in a way that allows you to completely accept the

risk is the key to thinking like a successful trader. Learning to accept

the risk is a trading skill—the most important skill you can learn. Yet

it's rare that developing traders focus any attention or expend any effort to learn it.

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