Monday, September 25, 2006
Tuesday, September 12, 2006
Friday, September 01, 2006
Risk
Most traders have absolutely
no concept of what it means to be a risk-taker in the way a successful
trader thinks about risk. The best traders not only take the risk, they
have also learned to accept and embrace that risk. There is a huge
psychological gap between assuming you are a risk-taker because you
put on trades and fully accepting the risks inherent in each trade.
When you fully accept the risks, it will have profound implications on
your bottom-line performance.
Wednesday, August 30, 2006
Tuesday, August 29, 2006
Saturday, August 26, 2006
Thursday, August 24, 2006
Wednesday, August 09, 2006
Tuesday, August 08, 2006
RISK
Trading is
Monday, August 07, 2006
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.
Sunday, August 06, 2006
Friday, August 04, 2006
Attitude in trading
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
Wednesday, August 02, 2006
Consistent winners
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,
Tuesday, August 01, 2006
Thursday, July 27, 2006
The trade either works or it doesn't
to believe that: (1) you don't need to know what's going to happen
next to make money; (2) anything can happen; and (3) every moment is unique, meaning every edge and outcome is truly a unique experience (HTLB's, ZLR's, MR's...........etc,etc.........)

















































