Saturday, December 02, 2006
Confidence and fear are contradictory states of mind that both
stem from our beliefs and attitudes. To be confident, functioning in
an environment where you can easily lose more than you intend to
risk, requires absolute trust in yourself. However, you won't be able
to achieve that trust until you have trained your mind to override
your natural inclination to think in ways that are counterproductive
to being a consistently successful trader. Learning how to analyze the
Sunday, November 26, 2006
When you operate from the assumption that more or better
analysis will create consistency, you will be driven to gather as many
market variables as possible into your arsenal of trading tools. But
what happens then? You are still disappointed and betrayed by the
markets, time and again, because of something you didn't see or give
enough consideration to. It will feel like you can't trust the markets;
but the reality is, you can't trust yourself.