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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (18045)12/15/2008 10:22:46 PM
From: Eric P   of 18137
 
Are Responsible

Successful traders ARE RESPONSIBLE for their results. They take ownership of their bad trades, while sometimes crediting good fortune for their good trades.

First and foremost, though, they accept responsibility for all their trading results. It was NOT the fault of the stock broker (who chose them?). It was NOT the fault of the internet connection (who picked the ISP, or didn't have a backup?). It was NOT the fault of their trading buddy that recommended the trade (who chose to take the trade?).

Successful traders DO NOT, EVER blame other people or events for their failures. Successful traders accept responsibility, and where ever possible, seek to prevent future recurrences as much as possible.

Failing traders, on the other hand, make excuses.

=> Don't make excuses. Be accountable to yourself in your trading.
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