Thursday, October 18, 2007

First Of All, Know Thyself

One of the most important elements of success in trading (and life in general) is knowing yourself. If you do not understand how you tick, you will never be truly prepared for the demands of trading, and likely your performance will suffer as a result.
Let me use myself as an example.
I am what might be considered project oriented. By that I mean I like to move from one thing to the next ? always have something upon which to focus my attention. As my friends and colleagues can attest, once I complete a project - and sometimes even before I do - my thoughts shift to the next one. I actually get antsy if I have nothing lined-up. Predictably, this is reflected in my trading.
We can actually think of trading as a series of projects. Each position one takes on View the rest of this article


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