WARNING: Forbes magazine reports that 77% of all Traders
end up losing money ...
What 3 simple steps can you take to guarantee
that this doesn't happen to you?
... also inside let me guide you through exactly the some of the neurological techniques Tony Robbins used to coach a trader to make a ½ Billion dollars in one day.
Now – you can generate a serious fulltime income from the comfort of your home doing nothing more than few easy trades a day even with only a few spare pounds. How’s this possible for YOU? Find out how an ordinary guy turned $400 into $200 million inside 4 years.
Have you ever wondered why two people who begin at a trading firm having the same training, working the same system, trading the same markets, have such different results one turning over millions whilst the other achieving only mediocre results?
Do you have what it takes to make a serious income trading?
Listen to this In the early 1980’s to prove that great traders are made and not born Richard Dennis who had turned $400 into $200 million dollars inside of four years from trading had a little challenge with his longtime friend William Eckhardt.
The challenge was to take regular folk and see if they could turn them into successful traders. They placed an advert in the Wall St Journal and received some 1,000 responses from people eager to learn his methods.
They recruited 23 ordinary people from all walks of life and trained them for two weeks. They were all given the system and rules to trade and 1 million dollars to execute such trades.
Now here’s the interesting part - all the students had different results even though they were trading with the same rules - none had any advantage over the other. For example the most successful student made $34 million dollars trading the same markets and the same system. All 23 made money but all with different returns. This same difference has enabled traders like John W. Henry to have become rich enough to buy the Boston Red Sox. The difference has enabled traders such as Keith Campbell, Bill Dunn, Jerry Parker and Salem Abraham to consistently generate immense wealth in bull and bear markets.
What made the difference?
The difference is not about starting capital - take Dan Zanger for instance he started with $11,000 and turned it into $42 million inside of 23 months.
Here’s what he said in a recent interview.
“The psychological factor is all part of the game I play with trading”
Dan Zanger Interviewed in Trader Magazine Nov 2006
The difference is not about opportunities, every trader has the same trading opportunities available to them, the same opportunities that existed for Dan Zanger and Richard Dennis are available to all. It’s the same markets that everyone has access to. It’s the same opportunity that is available to all traders and it is NOT about money.THE MINDSET OF THE TRADER IS THE DIFFERENCE The inside game of trading - the realty is you are trading with yourself and no one else…
No matter what side of the market you’re in, the market is just going to do what it is going to do. Take for instance Richard Dennis who turned $400 to $200 million dollars inside of four years.
“The market is going to do what it does”
Here’s my story …
My name is Dominic Knight- I’m a personal change engineer and by using the latest scientific methods and discoveries I have been helping people excel in many fields of work from sales people to Olympic athletes, actors to pilots.
What I do is model people who are incredibly successful in their respective field. By studying the mindset and behavioural patterns of successful people I am able to train others to achieve the same high standards of success. I have worked with companies wanting to improve the efficiency of there sales force and assisted many individuals in conquering their phobias, weight loss and overall improvement in their lives.
How Two Californian Researchers
Discovered the Secrets of Modelling
In the early 1970's a Professor of Linguistics and a Computer Science student teamed up to create an exciting technology known as Neuro-Linguistic Programming (NLP). At the heart of NLP was a technique they called modelling. The founders of NLP went on to prove they could copy successful behavioural patterns using these skills and went on to model these patterns of many great therapists, hypnotists and powerful communicators. Since they were researchers this was all expected. They never expected someone would take their research and take it an entirely different direction.
These findings were also proven by Nobel Prize-winner, Professor Gerald Edelman who has spent thirty years researching how the brain functions. His findings also conclude that the ten billion or more brain and nerve cells we have, arrange themselves into groups in order to form "maps" that respond to our experiences.
It therefore follows that if we have a map of how someone performs a task successfully we can literally take that map and train an individual to mimic this exercise with the same successful conclusion.
So what has all this got to do with Trading?
I undertook a study of what made the Greatest Trading Minds in History. Using the powerful Modelling techniques of the super successful traders from around the world here is what I discovered. Well in 2006 I was commissioned to help a Trading firm in Gibraltar. The proprietor of the organization was a super successful trader in that he had acquired millions of pounds from trading but was unable to replicate his success with his own traders. They were all using the same system, some traders were making him money yet others were just losing money. After hearing about my success in other fields, he decided to see if I could help him transform his traders.
Successful Trading is an inside job, it’s
all about a Winning Trading Mindset
The number 1 secret to winning at Trading or for that matter winning at anything in life comes down to a winning mindset.
There are three core emotions that make or break a winning trader. Master these using our powerful installation process and your trading ability can turn around fast.
"Over concern about losing may even lead to staying with losing trades as fear triggers indecisiveness, much like a deer frozen in the glare of a cars' headlights". Jack Shwager
How many times have you had problems pulling the trigger even when your system tells you to get out of your position? Consequently what could have been a small loss turned out to be a bigger loss in the hope that the market would turn around in your favour.
How many times has your system told you to take a position but you just felt frozen and unable to act and later left feeling regret because you could have had a winning trade.
How many times have you made an exit from a profitable trade too early even though your system hasn’t told you to exit only to discover there was far more money left on the trade than what you achieved.
Do you ever find yourself placing stops too close to your entry that you quickly get stopped out and then find the market is quickly heading in the direction of your trade.
Let’s now move on to…
"There is no Holy Grail. There is no perfect way to capture [the] move from $100/ounce to $800/ounce in gold...We cannot be profitable every month; we don't try; we're not that smart...but we feel that we can rely upon a philosophy that has worked very well over the last 17 years, and only pay attention to what the markets are saying currently, and don't ask why the dollar is going up or why interest rates are going down. Our philosophy is that if something is going down, we want to be short. Period." John W. Henry Trader owner of the Boston Redsox
How many trades have you missed out on because you couldn’t get in at your exact entry point? Then realised later it didn't matter even if you lost a few points, because there was still profit to be had.
How many trades have you let run from a profit into a loss? Even though your system was telling you to take your profit you hung in there thinking there was more to be made and ended up running into a loss.
Let’s move onto the third emotion…
"To be a money master, you must first become a self-master" J P Morgan (Worlds first Finance Billionaire)
Do you sometimes overtrade just to make up for some recent loss?
Is being right more important to you than making money?
Do you sometimes blame the market for your trading decisions?
Are you sometimes just too scared to trade?
All of the above are simply your emotions playing havoc in your trading. Discover here how to gain control over your emotions that are stopping you from living your trading goals.
Here’s what legendary trader WD GANN who made more than $50 million dollars from markets in the early 1900’s has to say about emotions:
"WHAT TRADERS DON'T WANT TO KNOW. With all due respect to my readers, many traders when they are in the market don't want to know the facts and don't want to know the truth. They hope the market will go their way. They want it to go their way and want to be told that it will. When you are in the market you should be unbiased and try to determine whether you are in right or wrong. When you find you are in wrong, admit it quickly and get out. Our old rule is, when in doubt, get out. When you have nothing to hold on for but hope, sell out at the market quickly." WD GANN
Top Trading firms pay thousands a month to make sure their Traders perform at their best as one mistake can cost Millions!
After extensive research studying of the Greatest Traders in History as well as interviewing and modelling successful traders - traders who make no less than $1 million dollars a year from trading have carefully developed the Ultimate System using simple reprogramming exercises where you will develop the emotions and the Mindset of a successful trader and eliminate all the mental blocks that are holding you back from literally becoming a phenomenal trader yourself. Since putting our powerful system together we have been working with Traders from The Royal Bank of Scotland, J P Morgan, Barclays Capital, Schroders and many more establishments helping them increase higher standards and produce greater results.
Have you ever experienced being in the zone? Where you are totally focused in the moment… your mind is crystal clear and free, where you can do no wrong - yet at the same time you know exactly how to play the trade. Where you have no emotional attachment to the trade.Our research states that highly successful traders are most profitable when in the zone.
The Inner Trading System will free your mind of negative thoughts and take you through a process that will lead to success not only in your trading ability but enhance your life in general.
Here’s what you'll get as a
bonus after our session
The Inner Trading System™:
You will receive 4 professionally crafted CD's and each CD will detail precisely what you will require to program your mind in the shortest possible time. Nothing is omitted and you will receive the same session format that is used with my personal clients with the added advantage that you have the information on CD so you can playback and listen and absorb over and over again. CD's 2, 3 & 4 are guided visualisations, you simply sit back listen and relax whilst we take you through the most powerful psychological techniques in existence to totally transform the way you trade by programming your mind for success!
In this program discover exactly how to get into the zone at will, plus you will gain the understanding:
- How to handle losses without any emotional attachment
- How to eliminate all your fears of the market
- How to develop the winning mindset of the super traders
- How to have no doubts and to act without hesitation
- How to make sure your sticking to your system rules
- How to eliminate stress from all your trading
- Easily Form a Habit of Consistency
- An easy 3 step process to become Emotionally detached from the Market place.
- And much more.
PLUS: You also get a quick start manual that gives you all the detailed information you need and all the most common answers you'll ever have to help you become a successful trader that consistently delivers.
The Inner Trading System is based on the mindset of the traders making at least $1 million dollars or more. So be assured that the ITS program is based on real world traders experience. I can prove these methods work, just listen to what my clients say:
After several succesful years in the City I decided to open my own financial institution, I took a back seat and was managing my traders but they were not producing anywhere near the way I used to….I have the systems to a tee, the markets were writhe, but it just wasn’t happening, I looked for the answers, I came across Optimal Minds - initially I was sceptical and doubtful, it can’t be as simple as a few psychological techniques…How wrong I was, my traders have been producing solid for the past few months….I recommend their services/products to anyone - Stephan Jackson (London)
I have been trading for 5 years and used several different methods to control the emotional pressures associated with this profession all with varying results. It was not until using the Inner Trading System that I realised that none of the previous methods have such instantaneous and effective results that were reflected immediately through my trading. I would seriously recommend this system to any trader that is finding the increasingly challenging conditions of trading difficult and searching for positive results.
Jason Dorman (London/Gibraltar)
Are these traders any different than you? No, they are not. The only thing they did was to put their doubts aside and give the Inner Trading System a try. If you too, can simply put your doubts aside for a short time, you will see for yourself just what it's like to trade like a Master Trader.
Even Better, Receive The
Same Instruction For a Fraction Of What
Traders currently pay us up to $2000 per session when working with us on a one-on-one basis. Of course, if you think about it, a method that can help traders make tens of thousands or even millions of extra dollars, $2000 therefore is just a drop in the ocean.
But we are already well paid training traders working for the big finance houses around the world so you can have this one-of-a-kind information at just $397.00 a fraction of our personal training fee.
Finally You Can Become a More Disciplined and Consistent Trader and Start reaping the rewards.
- Don’t struggle with your fears.
- Think of the time you spent worrying and regretting the missed deals and opportunities - when you could’ve been trading and getting the results you wanted.
- What chances did you not take?
- What dreams will never happen?
- Think about what you will miss in the next 5 years if you don’t do something now?
- Become as optimistic as you were when you first decided to become a Trader.
- Develop the ability to reach stardom in the Trading World.
Your success in using the ITS program is our success. Try the ITS program at our expense for a full 90 days.. If at the end of the three months, you haven't experienced a dramatic improvement in your trading, we want you to return your set. If at the end of three months, you are not making more money, we want you to return your set. In fact you have our unconditional permission to use this program, test this program and if you haven't felt any improvement, we insist that you return the system and we will quickly and rapidly refund your money. Either it makes a significant difference to your trading or we don’t get paid.
SPECIAL EARLY BIRD BONUS: For this month only the First 100 orders will get a 20 Minute Telephone Consultation with me worth $600.00 for FREE!
To help you get a flying start and make sure you get the most out of this program we will give you a one of a kind session where you will instantly experience what it is like to be in the Winning Zone. This alone is worth the entire cost of the system considering the $2000 an hour consultation fee. We must stress - this is for the first 100 orders ONLY, so if you’re reading this the deal is still on.
Once you have placed your order you will get a special email containing all the details of your free consultation. There’s only one restriction, you have to use this consultation within 12 months.
Plus to help you we are including two bonus CD's that we have developed using the latest technology available which can literally reprogram your mind overnight whilst you gently relax and listen.
These techniques are based on subliminal messaging. By listening to these CD's they will bypass your critical mind and reprogram your mind on a much deeper level and you will find yourself effortlessly reprogramming your mind.
Subliminal messaging is powerful. So powerful, in fact, that the US Government banned subliminal messages on radio and TV in 1974. Reports stated "they gave individuals and companies too much of an edge."
Magazines such as New Scientist are proclaiming that subliminal messaging is the "future of learning." Even large retail stores are using subliminals to reduce theft! Celebrities, top athletes and successful people such as Tiger Woods and Steven Spielberg are raving about subliminals being their key to true success.
This is also proven by science.
Bonus #1 A Masters Mindset®: This is a $99.99 Value
Embedded within this soundtrack is a distillation of the character qualities of the most successful Traders in History. You can listen to these anytime, even leave them playing whilst you sleep to deeply program your mind for greatness.
In this program just by gently listening to the relaxing sound of waves:
- 1. Become more Disciplined
- 2. Manage your losses comfortably
- 3. Detach yourself emotionally from the market place
- 4. Analyse quicker than ever before
- 5. Remove Hesitation & Fear
- 6. Become Consistent
Bonus #2 Legendry Confidence®: ($99.99 Value)
In this program just by listening to the relaxing sounds of nature:
- Feel self assured and begin to emit Charisma in all aspects of your life.
- Start applying yourself passionately.
- Automatically stop those negative “can’t do” voices in your head.
- Become more confident and eliminate unnecessary hesitations.
- Start Winning.
- Feel powerful, confident and the Greatest at what you do.
Now, in as little as 6 minutes a day you will crank up your mental acuity and begin to acheive your trading potential with these very special subliminal CD's!
These powerful CD's are a $198.00 value, but yours totally FREE of charge when you order The Inner Trading System™
This Program is Not for everyone
As proud as Adam and I are of this product, it is NOT for everyone. If you are already a full blown total master of the Markets with no deep interest at all in learning new things, improving your skills, or learning deep secrets about how to really catapult yourself to financial independance, this course is not for you! Further, I must admit, on first listening, some of what you may hear in this course may seem pretty “far out”. So if you are especially hard-headed or closed minded, don’t ORDER YOUR PROGRAM RIGHT AWAY unless you can now convince yourself you powerfully want to change. But if your mind is open and you want to learn, then whether you are totally new to Trading or a Real life Pro, and want a great product THIS IS THE COURSE FOR YOU! Order your copy and enjoy dynamic confidence at every level and at every stage of your Trading …NOW!
If you have heard of some of the Traders mentioned above then you understand the almost irresistible power contained within this Audio series.
You may already be imagining the possibilities of having this kind of Skill. I don’t know if you will imagine applying your new skills today on the Markets or Perhaps in the weeks ahead. As you think about all the possibilities now open to you. Flash ahead a year from now having bought these CD’s, realizing all you have gained this past year. Understanding that these CD’s have been the best return on an investment you ever made. As you focus in on that feeling of Excitement Click below to Reserve Your Program Now…
& Adam Cumberland MNLP, GHR, TFT
Dominic Knight GHR, MP NLP, GS NLP, MBB NLP
ps. If you Take No Action Today will you honestly be where you want to be one year from today? Will you honestly be any closer to achieving your dreams? Learn Now the skills of mastering the markets - We are specialists in the field of Programming the Mind for Successful Trading and our results are our credentials.
We offer a FULL and unconditional Guarantee - please put our expertise to the test to improve your financial freedom. I hope YOU will be one of the people who will take up and benefit from this offer.
The only way you can fail is by doing nothing
and we will dispatch to You within 24 hours)
We ship Worldwide & Have Master Traders in 85 Countries around the World!
For Information about the ITS affiliate program Click here
I was stressed and lacked discipline which was affecting my trading. After following the techniques of The Inner Trading System my trading improved immensely. I am now totally focussed and disciplined and can trade without fear or emotion affecting my decisions which has given me a continuity of success that I would never have believed possible.J.C. (London)
''I was recommended the credentials of Hakan Volkan by a friend in my profession. I had heard a little about NLP and how the mind can be trained to work more effectively but was naturally sceptical about its potential. What could another person say to me that I didn't already know? How could a stranger be able to instil a renewed sense of confidence, discipline and focus that my job requires in order to be successful?
Being open minded and naturally curious I decided to meet Hakan and see what all this NLP fuss was all about. During the session Hakan briefly outlined how NLP worked. I was then asked what qualities I thought were paramount in order to be a successful trader and what my goals were. Hakan then proceeded to 'condition' my mind by getting me to completely relax as he spoke slowly and getting me to imagine what it would feel like to be the ultimate trader. Traders in the profession who I admire were broken up in my mind and I could visualise their valuable attributes. I felt that 'I' too could operate at the same level of excellence as these super traders. The session ended and I went away feeling quite relaxed and upbeat, as if someone had given me a motivating pep talk.
During the next few trading days at work I was able to carry over the relaxed state of mind I had felt during the session and this helped my focus, my confidence and discipline. When my trading wasn't going well I felt less frustrated than I normally get. I believe this was because my relaxed mind was better equipped to 'level' out the volatile emotions which is symptotic in trading careers. This was also true on the flip side so I was less carried away by good days which often leave you complacent and vulnerable to a drop in discipline afterwards.''
I was skeptical at first. I decided to meet Adam and Hakan who both proved to be professional and had great knowledge not only at helping traders but also of the markets themselves. They guided me using the ITS program to
achieve outstanding results. Thank you.
After searching the internet for assistance in improving my performance, I decided to work with Optimal Minds in London. The Practioners at Optimal Minds were very thorough. They kept on working with me until I revealed the true cause of what was holding me back and then they made the neccesary corrections and now Im happy and moving forward.
Michelle (Southeast London)
My name is Richard Osterfield, I am a Master Practitioner of NLP & a Hypnotherapist with affiliations to The Global Society of NLP, The British Board of NLP & The GHR (General Hypnotherapy register) I can safely say that Hakan's and Adams Innovative and Insightful use of NLP teachings particularly in their works in the areas of Performance Enhancment have created breakthrough Results with the seemingly impossible. I would refer anyone looking to improve their Trading skills to Hakan and Adam.
Richard Osterfield GHR, MP NLP,GS NLP,MBB NLP
Chairman of Osterfield & Associates
"Over the past few years I've come across lots of NLP practitioners and trainers in my line of work and been very impressed with the power of this stuff. However it was only when I attended a training session with Hakan Volkan that I really started to understand how this works, and more importantly, exactly HOW I can use NLP to help me in so many different ways."
Nial Adams (London)
Turned $30,000 into $80 million Taking advantage of potential major winning trades is not only important to the mental health of the trader but is also critical to winning. Letting winners ride is every bit as important as cutting losses short. If you don't stay with your winners, you are not going to be able to pay for the losers. In addition to not overtrading, it is important to commit to an exit point on every trade. Protective stops are very important because they force this commitment on the trader.
Victor Sperandeo Famously known as Wall Street's "Trader Vic" The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
Has earned as much as $300 million in one year from trading
You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael [Marcus] taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money. Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis. I never think about other people who may be using the same stop, because the market shouldn't go there if I am right. Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose. If you personalize losses, you can't trade.
Trading provides one of the last great frontiers of opportunity in our economy. It is one of the very few ways in which an individual can start with a relatively small bankroll and actually become a multimillionaire. Of course, only a handful of individuals succeed in turning this feat, but at least the opportunity exists. A rigid stop-loss rule is an essential ingredient to the trading approach of many successful traders. Winning streaks lead to complacency, and complacency leads to sloppy trading.
Jack D Schwager - Author "The New Market Wizards"
Turned $400 into $200 million trading futures
When things go bad, traders shouldn't stick their head in the sand and just hope it gets better. You should always have a worst-case point. The only choice should be to get out quicker. The worst mistake a trader can make is to miss a major profit opportunity. 95 percent of profits come from only 5 percent of the trades.
Probably my best technique is not picking up the phone to close out a winning trade.
Show me the charts, and I'll tell you the news. Have an opinion on what the market should do but don't decide what the market will do. Be happy with a percentage of the move.
Turned $1.5 million into $300 million in five years
That cotton trade was almost the deal breaker for me. It was at that point that I said, "Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?" I had to learn discipline and money management. I decided that I was going to become very disciplined and businesslike about my trading. I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them. I am always thinking about losing money as opposed to making money. Risk control is the most important thing in trading. I keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst. If I have positions going against me, I get right out; if they are going for me, I keep them... Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in. There is nothing better than a fresh start. The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible draw down. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out. Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. I know that to be successful, I have to be frightened. Don't focus on making money; focus on protecting what you have.
Paul Tudor Jones
The most important thing is to have a method for staying with your winners and getting rid of your losers. By having thought out your objective and having a strategy for getting out in case the market trend changes, you greatly increase the potential for staying in your winning positions. The traits of a successful trader: The most important is discipline - I am sure everyone says that. Second, you have to have patience; if you have a good trade on, you have to be able to stay with it. Third, you need courage to go into the market, and courage comes from adequate capitalization. Fourth, you must have a willingness to lose; that is also related to adequate capitalization. Fifth, you need a strong desire to win. You have to have the attitude that if a trade loses, you can handle it without any problem and come back to do the next trade. You can't let a losing trade get to you emotionally. If a trade doesn't look right, I get out and take a small loss.
Achieved 250,000% return over 16 years of trading If you can't take a small loss, sooner or later you will take the mother of all losses. There are old traders and there are bold traders, but there are very few old, bold traders. Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions. I prefer not to dwell on past situations. I tend to cut bad trades as soon as possible, forget them, and then move on to new opportunities. The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance. Trying to trade during a losing streak is emotionally devastating. Trying to play "catch up" is lethal. I set protective stops at the same time I enter a trade. I normally move these stops in to lock in a profit as the trend continues. One evening, while having dinner with a fundamentalist, I accidentally knocked a sharp knife off the edge of the table. He watched the knife twirl through the air, as it came to rest with the pointed end sticking into his shoe. "Why didn't you move your foot?" I exclaimed. "I was waiting for it to come back up," he replied. Losing a position is aggravating, whereas losing your nerve is devastating. I intend to risk below 5 percent on a trade, allowing for poor executions. The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules. Be sensitive to subtle differences between 'intuition' and 'into wishing'. Everybody gets what they want out of the market. "The "aha!" process lies at the heart of price change. For instance, consider the series: OTTFFSSE. What is the next letter? This puzzle creates tension - until you see the first letters of the ordinal numbers - one, two. "Aha!" you say. A lot happens during an "aha." The puzzle dies and the tension dissipates. A societal "aha!" drives price. Read the newspapers and the news magazines during a major move. At first, no one gets why the move is happening. There's a lot of confusion. Part of the move's way up, some people get it. At the end, everybody gets it. The tension is resolved and the move ends."
Turned a $2 million managed account into $800 million in 8 years Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don't take a hard look at risk, it will take you. If you argue with the market, you will lose. It is incredible how rich you can get by not being perfect. Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical. I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet. Frankly, I don't see markets. I see risks, rewards, and money.
The word 'trading' is not the way I think of things. I may be a trader in the sense that my frequency of transactions is relatively high, but the word 'investing' would apply just as much, if not more. In my mind, trading implies an anticipation of a sale at the time of purchase. Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake. The balance between confidence and humility is best learned through extensive experience and mistakes. There should always be respect for the person on the other side of the trade. Always ask yourself: Why does he want to sell? What does he know that I don't? All great traders are seekers of truth. The markets are always changing, and the successful trader needs to adapt to these changes.