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Some of Your Best Qualities...Most of your previous successes in life will likely not be able to help you in trading. The things you have learned are often not transferable to trading. Worse than that, they may be harmful. Take the successful Doctor. Every time his stop hits, he decides to add more shares. Why? To the skilled trader, this is a crime. To the doctor, this is a way of life; it is bred into his system. What is he thinking? He is thinking about 'saving the patient'. He is taught that the object of his attention must be saved at all costs, at all measures. To trade he has to adopt the philosophy of 'killing the patient at the first signs of ill health'. This appalls him at some level. Consider the skilled lawyer. He is taught to make a case and an argument for any possible situation. As his stock begins to fall, he can up with dozens of ways to justify the position. He is skilled at 'making the case' and he does so for the stock as it begins to fall. 'They just had good news, the fundamentals are excellent, this is just a shake out, the market makers are playing games'. He will use a thousand different arguments to stay with a loser. Consider any...more
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To have a pet at home is undoubtedly a joy in itself but it also comprises of some responsibilities and duties. Proper vaccination, healthcare treatments and exercise sessions are important to help your pet stay healthy and fit. To...more
I know you've heard me talk about Dustin Pass and his Oracle Trader program in the past, and if you haven't, that's okay, but nows the time to really listen. I attended Dustins' webinar yesterday, called "A Closer Look at Oracle Trader"...more