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  #16  
Old Nov 7, 2009 6:24am
fxmatahari's Avatar
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Hi Houdini, CTA
Gr8 book! Thx.
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  #17  
Old Nov 7, 2009 8:36am
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Great read !!!

Almost all that is needed to be a profitable trader is expressed in condensed form in your e-book, I'm really positively surprised by the quality of the content.

I agree that Trading Psychology is a vital part of trading.

My view is that you either control yourself and be self-disciplined or let the market control and discipline you...

Thank you Houdini.

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It's not whether right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. (G.Soros)
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  #18  
Old Nov 8, 2009 6:23pm
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Hi fxswing... thanks for the note. I've been in this business many years and have seen countless traders come and go. I appreciate that you recognize the value in discipline. It takes discipline to exercise discipline. One must be disciplined in suppressing external decision making drivers such as, money, lifestyle, success, achievement, ego, etc. and have a deep passion to develop and fulfill internal decision making drivers such as, developing an experience feedback loop, refine a trading and risk model, become process and task focused, develop wisdom and discernment. When you focus on developing the internal mechanisms, the money will be a result of process orientation and your natural internal response mechanisms you have taken the time to develop.
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  #19  
Old Nov 9, 2009 5:10pm
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Enforcing the application of a trading mechanism or model that is not uniquely your own, pushes much needed common sense out of the equation. You simply end up with a trading model full of holes and blind spots.
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  #20  
Old Nov 10, 2009 4:23am
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Great e-book. Vouche deserved. Thank you.
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“When you start looking like Marines you’ll start feeling like Marines, and pretty soon…..you’ll start acting like Marines.”- Clint Eastwood.
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  #21  
Old Nov 20, 2009 3:56pm (7 hr ago)
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Hi Belekas
Thanks for the note.
Developing traders under-estimate the undeniable relationship between risk, psychology and trading success.
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