Chapter 11 - Thinking Like a Trader
W-
I AM A CONSISTENT WINNER BECAUSE:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept the risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.
A - Mark is giving us the 7 principles of consistency.
A- For me; I will be continuing to study, observe and live these principles. I am writing them on a board in my office along with the 5 Fundamental Truths. Like so many great books; it is not enough to read through the material...we have to know it, accept it and live it (IMO)!
Talk soon everyone!