Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….
Ability to take losses and know not every trade will be a winner and not every day will be a winner
Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….
The confidence to stay in winning trades and the discipline to get out of losing trades
Allowing trades some time to work
Not getting down on yourself for “could have should have etc”
Understandings that sometimes, you can do everything right and still have a losing trade. It is simply part of trading.
Being a hard worker and keeping a journal after certain trading days. Being a hard worker in putting time and effort learning new approaches, set ups before deciding if its worthy or not. I WILL SAVE THIS LITTLE LIST AND ADD TO IT AS DAYS PROGRESS.
Economics Report Source: http://www.forexfactory.com/calendar.php
Wednesday, February 9, 2011
Fed Chairman Bernanke Testifies
Crude Oil Inventories
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!