Monday, July 14, 2014

868 - trading in the zone

Currently reading the book, which just arrived from Fish pond.
The book is better than I expected, even though it is still emphasizing on conquering yourself rather than teaching you new techniques.

But that is exactly what the book is trying to explain. Maybe it is your own mind's psychology that is the most important in trading.

Currently, one of the most awesome thing I learnt is that, if the author has to choose between one person with very good analysis skill, or one with very good mindset but lousy skill, he will choose the latter. You can still earn money if you have a good psychology, and very basic skills.

Fear and over-confidence is the two worst feelings in trading. Good traders are able to control both feelings.

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