Today's Trades
"If you don't know who you are, the stock market is an expensive place to find out."
Do I know who I am? Do you know who you are? How do you ever really know the answer to that question? I know a lot of things about myself, but I am sure there are also a lot of things I do not know.
One thing I didn't know, but I do know now, is that overtrading is a problem for me. I would have a lot more money if it weren't for commissions and for trades that I made with less consideration than I should have. Another thing I know is that even though I realize the problem, it is not as simple to just stop doing it. It is suprising how hard it is to control yourself. I guess that many of the problems in the world have to do with people struggling to control themselves.
I think that a key to overcoming this weakness is routine. A trader needs a system. Once you have a system that works, with confidence in the system, it should be easier to stick to the system. I am trying to work out a system and a routine. I'm getting there, but I am not there yet.
But it is also important to remember that a trading system is only 10% of the game, the rest is about yourself.
Comments
nice one
Lol...this is one of the best I heard...
You're a chess master, kung-fu master, and hey why not, a freecell master. Those things didn't happen overnight.
What makes you think learning to trade will be any different?

Reminds me of another saying I read on Trade2win
A trader once wrote that if you want self-enlightenment, you can go sit in a cave somewhere with a Buddhist guide for fifteen years, or you can trade S&P futures.