Accept all possible losses Concentrate in mind, body, and spirit Trust your instinct Imagine success CLEARLY Only exist in present to control fear Never look back once started https://www.amazon.com/Way-Warrior-Trader-Risk-Takers-Confidence-Discipline/dp/0786311630 ps from memory, so maybe a bit off.
That book is a blast from the past, read it almost 20 years ago. A - Always go in the opposite direction you were originally going to. Unless you catch yourself thinking this first. In which case, go in the opposite direction. C - Close your winning position as soon as you breakeven to avoid potential losses. T - Take your Broker to court for auto liquidating your position right at the low. I - am never going to do that ever again - once I get my next tranche of trading capital together. O - my God. How the hell did that happen! I only went to make a cup of coffee. N - Never enter a trade without being ready to change your timeframe if it goes against you.
Yep, read it over a decade ago as well. I think author was indicted on some charges. Some of the things in the book was since fiction. Like the guy with the dog and clouds.
https://www.cftc.gov/PressRoom/PressReleases/5170-06 https://www.cftc.gov/sites/default/...s/legalpleading/enfrichardmccallcomplaint.pdf
Wow, never knew that, although I always saw his book as being a funny joke, rather taking it seriously. Should of known he was just another snakeoil vendor.
Lol, yeah it got kind of weird towards the end, but a great book. This acronym got me through some difficult decisions.