Why do people fail so miserably as traders?
So, why do people, the majority of whom are extremely successful in other occupations, fail so miserably as traders? Are successful traders born and not made? Mark Douglas says no. What’s necessary, he...
View ArticleGift and curse of trading
One of the many contradictions of trading is that it offers gift and curse at the same time. The gift is that, perhaps for the first time in our lives, we’re in complete control of everything we do....
View ArticleThe defining characteristic
The defining characteristic that separates the consistent winners from everyone else is this: The winners have attained a mind-set – aunique set of attitudes – that allows them to remain disciplined,...
View ArticleFeeling confident
When you’re feeling confident and unencumbered by fears and worries, it isn’t difficult to put on a string of winning trades because it’s easy to get into a flow, a kind of natural rhythm, where what...
View ArticleSuccessful trader that you want to become
The successful trader that you want to become is a future projection of yourself that you have to grow into. Growth implies expansion, learning, and creating a new way of expressing yourself. This is...
View ArticleHappy or painful information
The market doesn’t generate happy or painful information. From the markets perspective, it’s all simply information. It may seem as if the market is causing you to feel the way you do at any given...
View ArticleTaking responsibility in your trading
Taking responsibility in your trading and learning the appropriate principles of success are inextricably connected. You have to understand, with every fiber of your being, the ways in which you are...
View ArticleFive fundamental truths
To eliminate the emotional risk of trading, you have to neutralize your expectations about what the market will or will not do at any given moment or in any given situation. You can do this by being...
View ArticleDifference between the consistent winners and everyone else
I don’t think I could put the difference between the consistent winners and everyone else more simply than this: The best traders aren’t afraid. They aren’t afraid because they have developed attitudes...
View ArticleDifference between these two groups of traders
There must be a difference between these two groups of traders – the small minority of winners and the vast majority of losers who want to know what the winners know. The difference is that the traders...
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