Skip to main content
The good trader finds an escape. The good trader through positive self-talk reminds himself of his past successes and concentrates on the trades that are working presently for him. The good trader competes.

MoneyMaker: Stay Focused
“Failing is not an option for me,” said MoneyMaker

Others claim to love trading but are not willing to pay the price.
many claim to have a passion for trading but few sustain the energy to achieve their goals.

Dr. Momentum: Be a Sponge
You must get your work done so you can identify excellent risk/reward setups but then you must also be willing to put on risk.
To trade momentum, you must make lightning-quick decisions.

patience, discipline, hard work, a detailed plan.

GMan: From “I Quit” to Head Trader to Partner
“If you are too comfortable in a trade then you probably do not have enough size.”
—GMan, Head Trader, SMB Capital

Spencermism” Never Dies

Comments

Popular posts from this blog

 Do not cut profits short and cut losing positions fast. Once people can turn their mindset from a problem focus to a solution focus, they can identify the adaptive things that they are already doing and do more of them. You will not become a better trader by emulating a market guru. You will become a better trader by identifying the occasions when you are already trading well and then modeling your future performance on those. If you are struggling with your trading, thinking of hanging it up, you need to identify your own collage the things you are currently doing that break your problem patterns. The most helpful part of a fearless trading inventory is the firsthand recognition that, even amidst failure, one does indeed harbor the seed of success. Entering a facilitative physical state is one of the quickest ways of placing oneself in a winning frame of mind. Even the solution that seems the smallest can serve as an anchor for life altering change. -Taking breaks from trading Tr...

Indecision

Procrastination robs you of opportunity. It is a significant fact that no great leader was ever known to procrastinate. You are fortunate if ambition drives you into action, never permitting you to falter or turn back once you have rendered a decision to go forward. You may be shocked if you kept accurate account of the time you waste in a single day. Second by second, as the clock ticks off the distance, time is running a race with you. Delay means defeat, because no one may ever make up a second of lost time. Wasted time is one of the chief causes of failure. Time is also, however, a master worker that heals the wounds of failure and disappointment, and rights all wrongs and turns all mistakes into capital. But it favors only those who kill off procrastination and remain in action when there are decisions to be made. Life is a great checkerboard. The player opposite you is Time. If you hesitate you will be wiped off the board. If you keep moving you may win. The only real capit...

INSIGHTS

 Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. -John Adams