Trader Psychology

I came across the video below via a link on a fellow traders website: http://girlscaninvest.com

It explains my approach to the market very well.  The speaker is Marc Douglas, author of the Disciplined Trader & Trading in the Zone.  Here’s a great quote “We may have a technical method telling us what to do and giving us the potential to generate consistant results….but without developing the proper metal skills it’s unlikely we will be able to do what our trading method has indicated without making a number of potential execution errors, in other words staying positively focused on the process of trading by doing exactly what we need to do when we need to do it, without reservation, hesitation or fear”.

He talks about the difference between an NBA basketball player shooting in practice and making 50 shots in a row, but in the last few seconds of a championship game, can he make the throw to win the game? That takes mental strength right?

This is why a lot of trainers in the stock market field don’t want you to paper trade, as it doesn’t put you in the championship game….

One of my mentors, Courtney Smith, describes his approach to trader psychology as executing flawlessly, so for my members I will be executing flawlessly.

May today be a profitable day, for all of us.

John

httpvh://youtu.be/FAj7Kd02tcM?t=5s