Tuesday, October 2, 2007

Quote of the Day

Brett Steenbarger, Trading Psychologist

Less successful traders trade the same way across various market conditions. Worse, when their ideas and patterns stop working, they become frustrated and try to force the action. The more successful traders know that markets change: they shift their trending, and they change volatility. When their ideas stop working, they become risk averse. When their themes are paying them out, they're not afraid to put money to work.

(Source: "Such an Important Key To Trading Success", Traderfeed Blogspot)

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