Weekly Quote | 7 Rules of a Consistent Winner
Hello trader, here's a quote from the great book "Trading in the Zone". Hope you'll find some inspiration or maybe even practical advice here.
I'm a consistent winner because:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept risk ($ risk, risk of not being right, not being perfect, being wrong, losing money, missing out, and leaving money on the table). If not - I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me (take partials).
6. I continually monitor my susceptibility for making errors (emotional pain or euphoria).
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.
Best Regards,
Dima
I'm a consistent winner because:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept risk ($ risk, risk of not being right, not being perfect, being wrong, losing money, missing out, and leaving money on the table). If not - I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me (take partials).
6. I continually monitor my susceptibility for making errors (emotional pain or euphoria).
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.
Best Regards,
Dima
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