- Remain Cautious of the "The Maniac"
Nec Hercules Contra Duos In Chapter II (The Maniac) famous masterpiece Orthodoxy, by G.K. Chesterton (Dodd, Mead & Co., 1908), the author presents an argument, which (as a quick summary) serves to analyze the mind of a "maniac", or in other words, the "opinionated views of a madman." To keep ourselves from becoming close-minded maniacs trapped in our narrow, passionate, deterministic logic, we absolutely must take the time to dig into all details of markets and trading, keep an open mind and ear for new information, while remembering that common sense is always king… One of the main traits of every successful trader I know is the desire and ability to recognize and defeat the maniac when the internal lunatic of thorough, but hollow, logic "who has lost everything except his reason" surfaces.
- More Trading Patience
We all have trouble sitting on the sidelines from time-to-time… Thus, I resolve to continue to do my absolute best to remain patient when true opportunity is not clearly presented with Forex markets…
- More Sleep
Trading for a living, while trying to balance a hectic travel schedule of speaking, is exhausting to say the least. Throughout the upcoming year, I seek to slow down a bit, travel less, trade more and focus on the events I truly enjoy, like the Webinars on FXStreet.com.
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Mark Whistler is a full-time trader and author and Founder of WallStreetRockStar.com. [More about Mark]
