Here is an article I wrote that was just published on the Trade2Win forums. It is about the seemingly little things we can do each day, day after day that can add up to our benefit. It is these little things that are easy to neglect but actually can have a huge impact on our trading. I’d be interested in your thoughts and comments on this. Click the comments button on this post and let me know what you think.
Here is the link to the article: Seven Steps to Becoming a Great Trader
I think that many will be surprised that the 7 steps have nothing to do with method, indicators, time frames, entries and exits etc. Having spent thousands of dollars on software packages, DVD’s, seminars, trading rooms etc. I finally came to the conclusion that its not the method or the indicators that causes me to fail, but me. As someone once said, “get your mind right” then pick a method. New traders, myself included all work it backwards, We get our platform, software, method etc. and start trading. For some that may work, but for most it will not. It didn’t for me. Follow the 7 steps, then move on to the next step. It may save you a lot of pain.
David