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•TheMar ketknowsbes t/pr ic eknowsbes t •Fundament alsar et hemar ketdr iver swi ththe
•IdoNOTknow whatt hemar keti sgoingt odo t echni cal sal ignedt omar kett i
mi ng.Yetwhi ch
onanygi venday fundament alsar edr ivi
ngamar ketatany
•Thet rendi smyf riend,butonl yunt ilitends gi venmomenti si mpos sibl et oknow
•MyEgoi sNOTpar tofmyt radi ngs tr
ategy •Tr adepr iceac ti
onandpr ic eac t
ional one
event houghi twant stobe •Whati swr itteni nt henews paper sands poken
•Ineedt oac ceptdr aw downsandl ossesaspar t aboutons toc kf or umsi sNOTpar tofmy
oft hepr oc ess. tradi ngs t
rat egy.
•Ther ei sonl yonet hi ngIc anc ont r
olandt hat's•Emot ionc anbet heenemyofal lpot entiall
y
myr iskmanagement suc ces sfult rades
•Tradi ngi s80% ps yc hologyand20% •Star ingatac omput ers creenc heer ingyour
met hodol ogy stoc ksondoes n'twor k
•Takewhatt hemar ketgi vesr athert hanwhat •Ther ear enoper f ectmet hodol ogi est hatwi ll
youwanti tt ogi ve leadmet oet ernalpr ofitabi lity
•Appl yas trategyt hats ui t
syourt emper ament •Neverl abelyour sel faBul loraBear-beopen
andper s onal ity tof ollowi ngt r
endsi nei therdi rec t
ion.
•DI SCI PLI NEi sthemos tfrequent l
yus edwor d •Whenyouar emaki ngat radeyouar enot
byal ltopt rader s agr eeingont hef undament albookval ueofa
•Havepat ienc etowai tfort her ightt r
ading stoc korbr okerval uat i
on,youar es impl y
oppor tuni tyt opr es enti tself agr eeingonpr ice.
•Standi ngas idef rom t r
adi ngi sas t
rategy •Thr ow asmanyos cillatorsont oac har tasyou
wit hini tsel f li
ke,att heendoft hedayi t'sabouts uppl yand
•Los ingi spar toft hegame-l ear ntoac ceptit demand.I ft herei ss uppl ypr iceswi lldrop,if
andt aker espons ibi lity ther ei sdemandpr iceswi llr i
se.Tr ynott o
•Haveat radi ngmet hodyetr emembert hatyou overt hinki t.
andyouregoar ei tsweakes tl ink •Mar ket sper sonif iedar eac ollectionofpeopl e.
•Mos ttrader swoul dr atherl os emoneyt han Peopl ear ei rrational ,ther efor emar ketsar e
admi ttheywer ewr ong-l ear nt oac ceptbeing i rrational
wr ong,don’ thi dei torl aybl ameel sewher e •Don' treas ont oyour selfwhyyous houl dstay
•Themar keti snoi s yanddi s tracting-r emain wi ths toc kst hatar egoi ngdown
calm ands ti
c ktoyours tr
at egy •Themar ket sar eal waysopen,t her ewi llalways
•Livel i
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analys
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