Four Thoughts on Discipline in Trading
We have summarized the comments of 4 traders about being a more disciplined trader. A day traders comments: He is a consistent trader his accuracy was good but would have a blow up one day a month and lose a lot of what he had made. When he realized that being right is not the [...]
October 28th, 2009The Power of Observation
One of the basic skills a trader needs to possess or develop is the power of observation. They need to become students of observation. This skill of observing things does not just apply when you are trading and looking at charts it will carry over in to the rest of your life. You might say [...]
September 7th, 2009Dodging Bullets 4-4
Dodging Bullets 4-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Uncovering Fear Disguised as Optimism” “There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,’ and an optimist who says, ‘Don’t bother doing anything, it’s going to turn out fine [...]
September 4th, 2009Dodging Bullets 3-4
Dodging Bullets 3-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Conquering Fear=Defining Fear” In the last post 2-4 “The Power of Pessimism” I talked about facing your fears by using a plan of attack and addressing what those fears are that are keeping you in place. [...]
September 2nd, 2009Dodging Bullets 2-4
Dodging Bullets 2-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “The Power Of Pessimism: Defining the Nightmare” “To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves brave or not. Uncertainty and the prospect of [...]
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