Zalemark Holding Co Inc (ZMRK)

[Laster]

Please read!!!! Just came across this article I saved from many years ago. I forgot about it until today.
I will just highlight the important points.
hope you enjoy and learn something.

David.

'Market Wizards' -- Interviews with Top Traders by Jack D. Schwager. Jack interviews about 16 of the top traders, including one with Gary Bielfeldt. From what I've learned, Gary Bielfeldt became a major player in the futures market as a T-bond trader in the 1980s and was known as the best individual trader in that market.

He said that the most important thing is discipline.
Second, you must have patience. If you have a good trade working for you, you have to be able to stay with it.
Third, you'll need the courage to go into the market
Fourth, you must have a willingness to lose
Fifth, you need a strong desire to win.

You should have the attitude that if a trade loses, you can handle it without any problem and come back to do the next trade." "You can’t let a losing trade get to you emotionally." "You must have a method for staying with your winners and getting rid of your losers.”

Gary has always tried to keep the concept of patience in mind by waiting for the right trade, just like you wait for the percentage hand in poker. If a trade doesn't look right, you get out and take a small loss.