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KEEPING IT SIMPLE: I have said it here time and time again that keeping trading simple is what it is all about. “More often than not, our behavioral errors interfere with our cold-minded trading and screw up our thinking.”
KEEPING IT ENJOYABLE: My friend and fellow trader Charles Kirk has some great thoughts and a reflection on risk and reward. Worth a read.
LESSONS FROM TIGER? Performance coach Doug Hirschhorn throws in his thoughts on the Tiger dilemma and comes away with a few good thoughts related to trading. “Tiger is going to be a better golfer, a better person, and even a better dad as a result of what he is going through. And you know what, if you learn from your mistakes, then you’ll be better too.”
THE RIGHT FRAME OF MIND FOR TRADING “Once you have a well defined method and confidence in your method, the day to day challenge of trading is to execute your plan to best of your ability. “
CONTROLLING YOUR LOSSES IS WHAT IT IS ALL ABOUT: “Controlling your losses is just as important as capturing your gains, but not many people think of it that way. I will tell you now, unless you look at it exactly that way, you will eventually loose it.”
AND SOME SAD NEWS AS A WELL KNOWN TRADER AND AUTHOR PASSES: Ari Kiev passed of a long time illness.
Related posts:
- THE THINKING TRADER 10/2/2009 COMMON MISTAKES and a shorter list for those who do...
- THE THINKING TRADER 11/20/2009 Thinking about trading. ...
- THE THINKING TRADER 12/11/2009 Thoughts on trading. ...
- THE THINKING TRADER 11/27/2009 With the market tanking hard this morning, how about some...
- THE THINKING TRADER 11/06/2009 THOUGHTS ON TRADING AND QUOTES ON PATIENCE...
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