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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (687)3/14/1998 9:54:00 AM
From: Ken Wolff   of 2120
 
THE ART OF TRADING

I think trading is much like going to the dentist. You must accept the pain (nerves and adrenaline) to be able to buy stocks. Many traders will look for any excuse to NOT trade to avoid the nerves. I have said to my students that you must have a balance between "NOT GIVING A DAMN" and "SCARED AS HELL". Not giving a damn facilitates the easy buying and the scared as hell facilitates the sell. I have encouraged scared traders to trade reduced number of shares until they could control the nerves and get into the RHYTHM of trading.

Ken
www.mtrader.com
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