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May 24, 2011

3 Critical Elements for Trading and Investing Success

Based on my own familiarity as well as working with hundreds of traders over the at the end hardly any years, I have come to the conclusion that there are three major components to making money consistently in the markets. They are: 1) A solid, back-tested Methodology that the trader has confidence will provide an Edge. 2) A customized trading Plot that is objective and in alignment with the Edge (and not the guitarist). 3) An Positive, Realistic, and Fearless Mental Approach. All 3 are critical. If you just have one, or two, you…
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