* Distractions come from unfinished business;
* I’ve yet to meet an impressive person who has needed to impress people;
* Passion without commitment is wasted energy;
* The early bird gets the worm; the night hawk gets the early bird;
* Success comes when doing things right is combined with doing the right things;
* When you are doing what you’re meant to be doing, effort gives energy;
* In trading, as in life, you succeed by acting decisively on your convictions;
* You will never win if your goal is to not lose; * Successful people are productive; they traffic in efforts, not intentions;
* Narcissism craves admiration; self-esteem desires understanding. .
Archives of “traffic” tag
rssTechnical Analysis Obsession
‘You know that you’re obsessed with Technical Analysis when…’ *Trapped in traffic at a roundabout, you find yourself waiting for a “breakout”. *The best that lingerie advertisements can do is start you thinking about double tops. *You start thinking about your marriage in terms of risk-reward. |
4 signs of out of control trading
1) Overtrading: This is a very common problem for an out of control trader. If you find that your size is much bigger than normal or you are trading at times that you don’t usually traffic, then make sure you slow down and write down a plan and stick to it.
2) Comfort in bigger losses: When I hear a trader feeling comfortable about larger than usual losses that scares me. This comfort tells me that the trader is not thinking rationally as losses should never be tolerated and especially outsized losses.
3) Trading new securities: If a trader deviates at all from the strategy that made him successful, especially when he is a down streak, this concerns me.
4) One sided trading: This sign is correlated to having an opinion on the market. If I see a trader constatnly focused on one side, regardless of what the broad market is doing, this person is so focused on being right that nothing else matters. It is so important to be right that even if they make up 20% of what they lost it will seem like a victory to them.