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MOT #14 - Your Formula for Success Needs a GPS

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

Do you know where you are going when you begin a trading session? Do you know what you are going to trade and even more important than that... why you are trading? Everyone has a GPS inside of them and once you apply that to 3 simple steps of comm... read more
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MOT #13 - The Little Engine That Could

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

As a trader we all face many hills that look so difficult to climb that we possibly begin thinking, " I can't make it". If we allow fear to paralyze us because of a couple of mistakes that have happened, then we are missing a great opportunity to ... read more
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MOT #12 - Mistakes Can Be Your Path to Success

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

What is your definition of a mistake? If it is a losing trade, then you might possibly be missing out on one of the most important items that successful traders use to enhance their profitability.... read more
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MOT #11 - Steve's 10 Commandments for Trading

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

Do you have a plan for trading? If not, then how do you expect to get the results you desire. I want to share with you my 10 Commandments of Trading which can set a strong foundation for you to be more decisive, committed and successful every time... read more
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MOT #10 - How to Become A Successful Losing Trader

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

If we begin our trading session by visualizing ourself as a winner, we are way ahead of most traders. This does not mean that we visualize that we will win evry trade, but to be realistic and expect to have winning trades, but also accept that a c... read more
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MOT #9 - Taking Risk or Being Cautious... Which is Best?

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

There are many ways to trade and being able to take risk is an important factor. Being too much of a risk taker can be disastrous, but being too cautious can also leave you out of the profit picture. So how do you handle the aspect of risk so that... read more
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MOT #8 - A Fresh Perspective Provides Successful Trading Session

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

The winning trader starts each trading day with a new and fresh perspective. Results of the past can become bad baggage if we allow it, which can negatively impact how we approach our trading for today. The past is the past and the future is not y... read more
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MOT #7 - Moderation and Patience is the Secret to Survival

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

Everyone has a different learning curve. You must have patience and implement moderation to reach the levels of success you desire. If you only allow greed to drive you, it will very possibly destroy you. Patience and moderation is the secret to s... read more
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MOT #6 - August 13, 2007

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

This week: Setbacks as a motivator for success. Learning from mistakes.... read more
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MOT #5 - August 6, 2007

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

This week: Inner Strength and Perseverance. Focus vs. Multi-tasking.... read more
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MOT #4 - July 30, 2007

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

This week: Goal Setting and Hard Work. You Win Some, You Lose Some.... read more
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MOT #17 - A Shortcut Rarely Yields a Path Towards Success

posted by Avatar warrenbuffet 1432 days ago in Trading Psychology

Think about this..."The longest distance between any 2 points is the shortcut". In today's world each of us are constantly pushed to get to the top as quickly as we can no matter what the cost might be. To reach and maintain a successful level of ... read more