Thursday, December 03, 2009 3:27:22 PM
You may ask all the right questions, but it doesn't mean you are gong to get truthful answers. You may be able to reason better than others, and even have more information with which to reason with, but the information may be inaccurate. It's not about being right or wrong in your decision making, but how you react, and what you do, in either event. It's not even about making money, but rather about making the best trades possible, and not losing money.
If your initiative is risk averse and stresses a disciplined money management philosophy, then all you need to strive for is making the trades with the highest probability of success. This approach to trading stresses the importance of mastery of trading fundamentals, emotional discipline, passion for excellence, objectivity, patience, problem-solving, and a responsibility for capital preservation.
The market can only go three ways, up, down, or sideways. You can analyze all the fundamentals you want, and look at all the charts with every indicator available to man, and the fact remains, trading is and will always be, a numbers game. If you stick to the proper trading methodology, making money will take care of itself.
If your initiative is risk averse and stresses a disciplined money management philosophy, then all you need to strive for is making the trades with the highest probability of success. This approach to trading stresses the importance of mastery of trading fundamentals, emotional discipline, passion for excellence, objectivity, patience, problem-solving, and a responsibility for capital preservation.
The market can only go three ways, up, down, or sideways. You can analyze all the fundamentals you want, and look at all the charts with every indicator available to man, and the fact remains, trading is and will always be, a numbers game. If you stick to the proper trading methodology, making money will take care of itself.
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