The secret to trading success: You.

The secret to trading success: You.

You are the weakest part of your system. It is a defeatist statement. It makes your expectation to fail easier to accomplish and more importantly it makes failure easier to handle. It shifts the pressure away from you and unto fate.

Would you fly on an airline if their motto was “Our pilots are the weakest part.” I do not think so. You are your system. Even if your system is automated you added the inputs, parameters.

Taking responsibility for your action is not easy. Taking control of the outcomes of trading or life is a huge responsibility. You will have moments of weakness, but you are not weak. The market does not go straight up and either does the road to success.

Sorry for the short post will write more about this later. Have a great weekend.

We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info @ mytradingnet (dot) com or twitter or personal
Subscribe to MyTradingNetwork.com/blog by Email

One Response to The secret to trading success: You.

  1. […] This post was mentioned on Twitter by Eli Radke and trader habits, reader. reader said: Quick Post: The secret to trading success: You. http://mytradingnet.com/blog/2010/07/30/secret-trading-success/ $S… http://bit.ly/abm3er […]

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.

Read previous post:
Scaling

Disclaimer: This is not advice, this is my experience. Definition. I define scaling as entry and exits at multiple prices....

Close