Truths of Trading
(2009-08-23 07:22:28)
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Egotistical traders and traders with false beliefs always lose.
Faith: the foundation of all outstanding traders.
Confidence is required for success.
Disciplined traders are consistently profitable.
Courageous traders win big.
Intuition doesn't mean "into wishing".
Persistent traders love to trade.
Integrity: much more than mere honesty.
Flexible traders adapt as the markets change.
Fear: everyone has it; you must control it.
Anger: easy to feel, liberating to overcome.
Doubt and indicision: a surefire way to ruin.
Losing money: the traders cost of doing business.
Consistent profits come from empowering beliefs.
Trading methodology gives a trader part of his edge, and perception gives him the rest of his edge.