Thursday, February 19, 2009

Losing traders don't have this mental edge. They follow the herd rather than thinking independently, and want their broker to hold their hand. They always look for someone else to blame for their failures. Self sabotage spoils their chances of success. They may feel more comfortable staying on the same financial plane as their colleagues and friends.

 Trading, with winning and losing a daily occurrence, quickly reveals your true character and exposes the limitations of your thinking. Make developing a winning mindset your highest priority.