- Emotional Fitness...
When trades go wrong, do you stay too long? Do you struggle to maximize good trades? How do you feel when you miss trades? Are your losers bigger than your winners or do they come more often? Much of what drives of us traders is not related to trading.
- Trading Style/Methodology...
What trading style do you use to trade? What markets do you trade in? What are your trade objectives and accompanying tool sets? Does it fit with who you are? Do you have the right amount of capital committed to the market and your living expenses to increase the odds of success? Learn how a mismatch in these aspects of trading can sabotage your trading success. Find the right balance!
- Discipline...
Discipline is the most used and misused word in trading. Does discipline just mean not letting your losses run? There is much more to it. Live my six rules!
- Your Winning Formula...
So what do you expect to earn out of trading. Will trading allow you to meet your financial needs? Are your goals reasonable? Is your style and trading size congruent with those goals? Your expectations may be out of sync with the reality of your level of experience, style and financial condition. Build the winning formula!
