I had lunch with a candidate for our September training class, who asked a really good question: “How did your past in sports and law influence your path as a trader?” Answer: Process To become successful in the past, I needed to follow and trust the process. To be successful as a new, developing and even experienced trader you … Read More
Enhancing Trader Performance: Process Vs. Outcome
What is more important? The OUTCOME of a decision regardless of the PROCESS that generated it? Or the PROCESS applied to generate the OUTCOME regardless of the results? The answer can reveal the strengths and possible weaknesses of how we manage the information used to define our trading edge and the significance we place on the results of that trading edge. For … Read More
Enhancing Trader Performance by Resolving To Keep Trading Simple
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note As we kick off the new year I thought it would be fitting to suggest a trader resolution designed to enhance trader … Read More
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here