Archives of “resiliency” tag

rss

10 Attributes Exceptional Traders possess

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #
  1. A persistent unquenchable motivation to compete and achieve personal stock market mastery
  2. A personally developed hands-on strategy in writing that fits your personality.
  3. The ability to be brutally honest and objective about your beliefs and weaknesses.
  4. An inner resiliency to weather all market storms with little emotional scar tissue.
  5. Well-defined risk management rules and an ability to accept responsibility for losses.
  6. Unassailable confidence in your system and yourself.
  7. Discipline to follow your methodology and act decisively.
  8. A strong ethic for working hard but also working smart.
  9. Patience and an ability to wait for high probability trades to materialize.
  10. A willingness to embrace change, to modify your thinking, to rewrite your methodology and transform yourself.

Key Ingredients to Performing Your Best

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

1.  Passion. You must be passionate about what you re doing and having fun. Passion first, then performance.
2.  Confidence. Top performance comes from having a high degree of confidence. You must have the confidence that you can take control and face adversity. You must also be confident that you will have a favorable outcome over time.

 3.  Concentration. Peak performance comes from exceptional  CONCENTRATION. You must concentrate on the process, though, not the outcome A sprinter who is in the lead is thinking about the wind on their face, how relaxed their arms are, feeling the perfect stride…they are totally in the moment. The person who does NOT have the edge is thinking, “Oh, that runner is pulling ahead of me…I don’t know if I have enough wind to catch the leader…” They are tense and tight because they are thinking about the outcome, not the
process.

4.  Resiliency. Great performances come from being able to rebound quickly and forget about mistakes.
5.  Challenge. Great performance comes from pushing yourself and trying to overcome limitations. Staying in the safe zone becomes a monkey on your back. Challenge yourself to take that hard trade. Manage it. If it does not work out, so what…your risk was limited and you can pat yourself on the back for taking the hard trade in the first place.
6.  See and DO … don’t think! Great performance comes from turning off the brain
and becoming automatic. This is being in the Zone …in the groove. You can’t overanalyze the markets during the trading day.
7.  Relaxation. When you are relaxed, your reflexes and timing are superior because
you are loose.

Ten Ingredients to become A Great Trader

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

It is all a game of risk management, mind, and a robust system. Everything else is just noise. 

  1. Passion for trading, only passion can fuel the work ethic needed to do the hard work that leads to success.
  2. Goal oriented traders succeed, if you know why you are trading and where it leads you may just get there.
  3. Perseverance: It is hard to lose if you never quit.
  4. Resiliency: The ability to come back from losses may be the secret to trading success.
  5. Back testing systems and methods before trading them speeds up the learning curve and side steps a lot of learning through real losses. (more…)
Go to top