Avoiding Mental Sabotage
24 Aug 2012 2:03 AM
In our ‘Investing & Online Trading’ mentoring-style Newsletter we primarily focus on Jim Berg’s trading strategies. From time to time we also include input from some other recognised traders from around the world.
Larry Levin is a professional futures trader. He has been in and around the S&P 500 futures pit at the largest futures exchange in the world; the Chicago Mercantile Exchange (CME), for almost 20 years.
We thank Larry Levin for his thoughts on the following:
"I have heard that 95% or more of all traders ultimately fail. Have you ever wondered why?
Most traders will tell you it was the system or method they were using. They'll also tell you they had a few bad trades they couldn't recover from. Or their dog chewed through the telephone cord just as their computer crashed, and they couldn't get out of a losing trade.
Everyone has a different reason, but when you hear enough of them, a pattern begins to develop ...........
To continue reading, simply click on the PDF logo below and login/register.
-
24 Aug 12article120824.pdf