Sunday, July 26, 2009

Great Traders: Five Distinguishing Features

* Everyone is wrong in the markets at times. The difference between the great traders and the unsuccessful ones is in how long they stay wrong.

* Addictive traders get high from action; great traders get high from mastering markets--and mastering themselves.

* Great traders do their best work when they are not trading; unsuccessful traders do not work when they are not trading.

* Every loss of discipline is a self-betrayal; great traders are true to themselves and stay disciplined as a result.

* Great traders focus on the two things they can always control: when they play and how much they bet.

You will never achieve greatness by minimizing your weaknesses. At best that will bring you to average. The path to greatness lies in maximizing strengths: becoming more of who you are when you are at your best. Here are five things I look for in successful new traders.

1 comment:

Plinio said...

Hi Brett, it's a pleasure to talk to you.
I'm from Brazil and I'm 19. I bought your book The Daily Trading Coach and I just finished to read it. It's really a great book. It's been helping me a lot to improve my strenghts. I liked it so much that I'm gonna buy your other 2 books! I'm so glad to have the opportunity to read these valuable information while I'm young!

I totally agree about the solution-focused. But I have a doubt. We have to work to improve our strenghts, right? But traders do have problems and the way you say it sounds we need to ignore the problems that sabotage our trading. But I think there are weaknesses that we can't simply ignore, we have to explore theirs roots, so we can overcome these problems.

I don't know if I got wrong your explanation. Probably I got. Then, could you please help me to understand how then we face our problems while we are focusing in the solutions?

Thanks so much for your immeasurable help to all traders around the world.

ps. sorry my english, still learning =)