Thursday, September 17, 2009

Seven Characteristics of an Objective Trader

1. You feel no pressure to do anything.

2. You have no feeling of fear.

3. You feel no sense of rejection.

4. There is no right or wrong.

5. You recognize that this is what the market is telling me, this is what I do.

6. You can observe the market from the perspective as if you were not in a position, even if you are.

7. You are not focused on money, but on the structure of the market and how you trade.

If you can see any of the above qualities in yourself, you're on the right road. You need to release yourself from the need to be right. If you constantly need to be right, you are in the wrong business.