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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...

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Gift 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....

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The 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,...

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Feeling 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...

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Successful 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...

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Happy 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...

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Taking 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...

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Five 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...

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Difference 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...

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Difference 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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