Someone here once quoted Tsunemoto Yamamoto - a Japanese Samurai - as saying " There is surely nothing other than the single purpose of the present moment. A man's whole life is a succession of moment after moment. If one fully understands the present moment, there will be nothing else to do, nothing else to pursue..."
IMO, the most important thing for a trader to possess in order to be successful in the long term (consistently make money) is brutal self-honesty. If you don't practice this, be assured that Mr. Market will abuse you until you do or until, for whatever reasons, you quit. lj
B.A.S.E. jumping. Why you can't kid yourself or fudge the results. You also have to figure out what matters and what doesn't quickly yet the jump started ages ago with the planning, packing, pitching, and the performance comes last but is most critical. Look at it like this. If you base jump you'll likely die sometime but will assuredly get seriously injured as a matter of course. If you live you will have learned. If you have learned there is a chance you will make it. When you get to that stage frankly the money doesn't mean squat. Good Luck Spanky
Possibly BASE jumping could be incorporated into the business school curriculum. Say a leap from El Capitan on a crisp Fall morning. This prerequisite would have the dual benefit of winnowing the number of applicants and reducing the number of crappers who managed to slip by the screening committee. Prescient thinking Spanky. Regards lj
Thanks, I like the El Cap jump as a venue. Make the winners, er I mean successful applicants tastefully pack and ship the remains of their less adept competitors. Cheers.
The only way to find out if one possesses the mentality and personality is to do it. But even for those who are "naturals", there is nothing about trading that comes easy. Every penny is earned.