trading

trading

Wednesday 22 April 2015

#1: MIND OVER MARKET "You have power over your mind – not outside events. Realize this, and you will find strength"

- Marcus Aurelius

"As a trader, you cannot be a control freak. A key aspect of learning how to trade is to recognize the parts you cannot control.
The best example is the market. You cannot control the market. You cannot control if your broker screws up. If you think deeply, you cannot even control how much you lose in most cases. This is because most stop-loss orders are not guaranteed.
Hence, as a trader, you can only control your mind. Realizing this is a big step forward. This is why you hear the common claim that trading is 90% psychology and 10% strategy."

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