njrookie's random thoughts

A collection of my posts on investment, trading, and life...
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Trading Mentality

(2014-10-30 07:30:49) 下一個
The correct trading mentality is to think of it as a computer game or a poker game. Your account PnL is your score. You want to score high, but you also need to be objective and constantly assess your opportunity and act quickly, yet objectively and ruthlessly.

In other words, you need to wire yourself to behave like a computer and follow pre-determined rules in a pre-defined environment. The sad thing is when it comes to money, human being is wired to become very emotional. The greed and fear cost most traders the very little edge one has to begin with.

just my 2c.
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