world index

Friday, June 3, 2011

Winners -vs- Losers

By Michael Johnson

1. Winners learn from their mistakes. Losers don't. They actually make them again and again.

2. Winners don't blame anyone else for winning. Losers blame everyone else for losing.

3. Winners take calculated risks. Losers just take risks.

4. Winners learn to control their emotions. Losers have little or no control.

5. Winners are always learning and improving. Losers "Don't have the time".

6. Winners follow a set of rules - a plan. Losers don't have any rules to follow.

7. Winners use their strengths and minimize their weaknesses. Losers don't address weaknesses.

8. Winners develop a plan to succeed. Losers don't even have a plan to develop.

9. Winners diversify their risk. Losers put all their eggs in one basket.

10. Winners use risk and money management wisely. Losers are gamblers.
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Wednesday, February 2, 2011

BE YOUR OWN GURU

THE PURPOSE OF TRADING IS NOT TO MAKE MONEY;
THE PURPOSE OF TRADING IS TO MAKE THE TRADER.

Friday, January 14, 2011

Friday, December 17, 2010

THE DREAM

Becoming a full-time trader is the dream of many. The problem is that it is very easy to be wiped out in the
learning process. Some lucky people have the skills to make money from the stock market and keep it,
knowing very little. This is because they are skilled at money management and taking risks. They know
how to handle a risk. Bookmakers generally make good traders because they are skilled, practised at risktaking,
and know how to handle stress.


The stock market by its very nature is designed for you to lose money.
It is created automatically.

To overcome these problems you need to develop a disciplined trading system for yourself.


HAPPY WEEKEND!

Wednesday, November 3, 2010