Trading: Courage and Nerves of Steel?
Novices frequently assume the best traders stand out because they have courage, nerves of steel, and self-control, but obviously that is not what sets them apart. In order to be a consistently profitable trader, you need to have a proven market edge and trade without fear or recklessness. Recklessness means taking excessive risks because you are on a hot streak and feeling invincible — you must avoid that state of mind.
Now, think about this for a minute: If you are trading without fear, why would you need courage? And if you aren’t feeling threatened, why do you need nerves of steel? And if you have a proven trading edge and written trading rules to guide your trading, why would you need superior self-control? Superior trading performance is not an extreme sport; it is not visceral. If anything, it is Zen.
You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you’ll also learn:
- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business
As you master this breakthrough program, you’ll build yourself a distinctive trading signature.
“It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career.” — Henrique M. Simões