The Mind of a Trader
Do You Believe?
Tue, Jan 20 2009, 15:45 GMT
by Steven Croft
Trading Metro | View company's profile
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Tis the season of the year for family and friends and believing.
No matter your family background, heritage or culture this seems to be the time of year where people make decisions about what they believe.
Whether it is St. Nick, family relationships, a potential promotion, a foundation of personal faith any of the long list of topics, the end of the year brings about these thoughts.
As a trader, if we do not believe in our trading strategy, our processes and who we are as a person, then we need to be prepared for a lot of disappointment.
Great traders believe in the steps they use to execute trades. They believe in the concept of high probability and not expecting 100% successful trades. They have a strong belief in their ability to grow in discipline and commitment as they trade.
Most importantly, they believe in why they originally decided to begin to learn the skills of trading and they use that belief to become better each and every day.
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A Great Year Behind Us and Greater One Is Before Us!
As another year ends, we need to reflect on all of the successes that we have experienced as well as the learning situations that occurred.
No matter what the outcomes have been, we have all learned a lot and now have the opportunity to step into a new year with enhanced goals and objectives that we are excited about working towards as we get better and better every day.
A new year brings many thoughts of what we want to accomplish.
The successful trader along with the successful person will always learn from what has happened and look forward the new roads ahead.
Have a Happy New Year from The Mind of a Trader.
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Which Comes First - Wealth or Wisdom?
From the beginning of time the most successful individuals have had a common thread of applying wisdom to every action they attempt.
They learn from what they have tried to do before and then apply the knowledge they have learned to their next endeavor.
As a trader, we each need to stretch ourselves to new horizons; however we need to focus on our wisdom "account balance". If it is too low, we can make some disastrous decisions that can cost us a lot of money or potential profit.
As it grows, we make good decisions, from a confident foundation and then we begin to acquire the rewards that assist us in receiving wealth and then seeing the freedom we all desire to have in our life.
Listen to the author's thoughts
Published on
Tue, Jan 20 2009, 15:50 GMT
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Legal disclaimer and risk disclosure
High Risk Investment
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
The content provided in this site is put forward in good faith and believed to be accurate, however there are no implicit guarantees of accuracy. The reader accepts that by using this information, he or she will not hold Trading Post Financial Services, Inc., ('Trading Post') responsible for decisions based on information from this site.
This website may contain links to other websites. These links are provided as references to help you identify and locate other Internet resources that may be of interest. These other websites were independently developed by parties other than Trading Post Financial Services Inc. and Trading Post does not assume responsibility for the accuracy or appropriateness of the information contained at, or endorse the viewpoints expressed at, such websites.
Currency trading is risky, it involves substantial risk of loss, it is not appropriate for everyone, and therefore only risk capital should be used for trading.
Risk capital: money that a person can afford to lose. Past performance is no guarantee for future results. Actual trading results may vary.
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