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Strategies & Market Trends : Ask DrBob

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To: FLACK who wrote (99760)5/21/2009 5:40:46 PM
From: dealmakr   Read Replies (1) of 100058
 
"The point of training yourself to be a trader is to arrive at the point where you act
without hesitation… you act because you have planned and trained for this moment."

Hi Flack,

The above statement is a great one for summing up the mental commitment for being a successful trader. I have missed out on many trades long & short by not pulling the trigger due to hesitation, but have gotten better over the years. I think that in order to win, you must be prepared to lose and overcome the mental whipsaw of emotion that comes with trading for a living. The great charts that are posted by Chichi2 really help in trying to read the roadmap of the markets. A nice way to try and see where we may be going by looking at where we have been.

Best regards to all,

dealmakr
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