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The Successful Trader

I adapt. I focus on the trades that are working for me at this present time. I make a list of these setups and trade just them. I control my risk and let the winners naturally manifest. I obsess about the thousand little things that have everything to do with making money and that you will never hear anyone on a major financial network talk about. I regain my confidence. I rebuild.

Even after becoming a consistently profitable trader, you will have to tweak your system. You will have to adjust your trading plays weekly, daily, and even intraday. This is the life of a trader.

Instead of longing for eighths or tech stocks that move 25 percent from Open to Close, thank the market for changing. Every different market will make you a better trader. What doesn’t blow up your account will make you better.

Trading is about skill development and discipline as we learned from studying those who failed and These Guys are Good. Today, modern training gives new traders the opportunity to speed up their learning curve, as we discussed in Trader Education, and find out just how good they can be as traders. I hope I have shared how important listening to Mother Market is, following her rules, and how unimportant bold predictions are for the short-term trader. Like great athletes, successful traders obsess about solid fundamentals, like One Good Trade. Those who last do the thousand little things each day, like in Pyramid of Success, which make the difference between consistent profits and being eliminated by the markets.

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