

Trading is
Financial and emotional disaster are common among traders
because many of the perspectives, attitudes, and principles that
would otherwise make perfect sense and work quite well in our daily
lives have the opposite effect in the trading environment. They just
don't work. Not knowing this, most traders start their careers with a
fundamental lack of understanding of what it means to be a trader,
the skills that are involved, and the depth to which those skills need to be developed.
Everyone who trades ends up learning something about the markets; very few people who trade ever learn the attitudes that are absolutely essential to becoming a
The defining characteristic that separates the consistent winners
from everyone else is this: The winners have attained a mind-set - a
unique set of attitudes - that allows them to remain disciplined,
The goal of any trader is to turn profits on a regular basis, yet so few
people ever really make consistent money as traders. What accounts
for the small percentage of traders who are consistently successful?
To me, the determining factor is psychological—the consistent winners