- Undiscplined
- No money management
- Unprepared
- Overtrading habits (more…)
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Speculator Emotional Cycle
Do you have Unagi?
I love comedy. Here is the ‘trading secret’. Laugh and relaxed. So, switch your TV from Blue Channel to Comedy channel.
Worth watching….enjoy !!
Patience, Preparation and Performance
Everything is difficult before it becomes easy.
With the current volatility of the financial markets, it is extremely important that each of us resolve to be patient in our decisions and not make snap judgments. These can create future disaster.
The most successful individuals around the world have a foundation of processes that they utilize consistently, no matter whether the markets are trending with clear direction or being extremely volatile.
Each of us needs to be patient and allow the trading plans that we use to provide points of execution for trades. We need to be prepared for any and all movements in the market, yet stay committed to our plan and then perform with a self-confidence that ensures that we do not stray away from the steps of our plan.
Patience, preparation and performance surrounded by a solid trading plan along with money and risk management will produce the highest probability for profitable success.
Preparation combined with Opportunity creates a new word I would like to give to you — Prepartunity. Every day provides new opportunities for us. If we are prepared then we will receive the highest results possible.
Jesse Livermore -Described Stock Market in 3 Lines
Focus on each area to reach your strategic goals as a trader
Teenage Life in Ancient Rome
Welcome to the world of Lucius Popidius Secundus, a 17-year old living in Rome in 73 AD. His life is a typical one of arranged marriages, coming-of-age festivals, and communal baths. Take a look at this exquisitely detailed lesson on life of a typical Roman teenager two thousand years ago.
Did You Know
Know that the market never lies.I have met so many liars in the stock market business over the past 15 years. I think that many of them actually believe what they are saying but, the truth is, people’s judgment is clouded by greed.The stock market is a giant polling mechanism allowing people to cast their opinion with their money. If you think the stock market is going up, you buy. If you are right, you make money. It is a simple and powerful machine that determines value and, since no one wants to lose money, it is very efficient at telling the truth.The truth may change from one moment to the next but one thing will not change. Arguing against the market is a fast way to lose money.
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, focused, and, above all, confident in spite of the adverse conditions. As a result, they are no longer susceptible to the common fears and trading errors that plague everyone else. – Mark Douglas