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Mindset of a winner -5 Quotes

  
  Education
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– A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.

– The winning traders have usually been winning at whatever field they are in for years.

 -It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.

– The “doing” part of trading is simple. You just pick up the phone and place orders. The “being” part is a bit more subtle. It’s like being an athlete. It’s commitment arid mission. To the committed, a world of support appears. All manner of unforeseen assistance materializes to support and propel the committed to meet grand destiny.

– In your recipe for success, don’t forget commitment – and a deep belief in the inevitability of your success.

Four Multi-Millionaire Traders Share Their Thoughts On Trading

  
  Education
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number4“The key is consistency and discipline,” says Richard Dennis who grew $400 into $200,000,000.

“The key is consistency and discipline.  I don’t think anybody winds up making money in this business because they started out lucky.”

For legendary trader Richard Dennis, the importance of being consistent isn’t just theory.  In 1984, on a bet, Dennis trained 23 individuals off the street to religiously follow a set of trading rules.  His point was to provide that discipline was the key to trading success.  All but 3 of those beginner traders made over 100% return their very first year of trading and Dennis won his $1,000,000 bet.  Consistent discipline is also what is taught in the “Futures in Motion” advisory service.

“It’s perseverance” declares Tom Baldwin who started with $25,000 and made untold millions trading upwards of $2 billion dollars a day in T-Bond futures.

“It’s perseverance.  You don’t need any education at all to do it … because it is like any job.  If you stand there long enough, you have to pick it up.” (more…)

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