7 Habits of a Highly Succesful Trader

Discussion in 'Trading' started by Wallace, May 20, 2006.

  1. Very simple, follow them.
  2. jts


    I like it Wallace. The guy seems to know what he is talking about.

  3. Good stuff, only problem is, I feel like I have read it everywhere else.

    Hopefully it could help a newbie though.

    Trading in the Zone by Mark Douglas is a great book to compliment the above pdf.
  4. mrbrint


    I jus finished reading trading in the zone that is a awesome book, ive read it twice now, I think Im starting to understand where I went wrong with my trading.
  5. Cheese


    Well, hell, general rules are ok but they don't get you far and they don't get to the bottom line.

    These 7 are ok too although 4 & 6 are probably more pertinent.

    Positive self-belief is obvious but still you can see here and now some real loonies with manic optimism placed in their fantasy of a success beyond their aptitude while in fact they are burying themselves in all sorts of horsesh*t, sometimes for years, before they discover, if ever, some reality on how to trade accurately and with some small measure of success.

    And number 2 will probably take you in the wrong direction. Wannabes and sometimes longer term players are doing losing stuff or stuff that takes from the market a small part of its whole day offering .. presumably their systems are suited to them.
  6. So Cheese, what do you recommend ?