Secret 82THE TOP SECRET WAR ROOM
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When I trade, I consider my trading office to be a war room,
for when I trade, I am at war with the markets, market makers,
the professional traders and the general investing public. In fact,
on my desk is a letter opener labeled “Cabinet War Room”, acquired
when I visited the war room bunkers where Winston
Churchill waged war against the Nazis. For when you trade, you
are at war, and every ounce of energy should be applied to gaining
an edge and locating your enemies.
One of your enemies is your own emotions. One way to keep
them in control is to keep your attack plans top secret. Don’t tell
anyone what you are doing, including your wife or husband. As
soon as you tell someone about your trades, you put pressure on
yourself not to take a loss WHEN YOU SHOULD, for your ego is
at stake.
One advantage of internet trading is that you don’t have a
personal broker to lead you either astray or threaten you with an
“I told you so” attitude. Even good personal brokers will put pressure
on you to perform when the trades are your own idea, even
if they say nothing. Nevertheless, a good broker can be invaluable,
especially if you’re just starting to trade.
When I trade, I consider my trading office to be a war room,
for when I trade, I am at war with the markets, market makers,
the professional traders and the general investing public. In fact,
on my desk is a letter opener labeled “Cabinet War Room”, acquired
when I visited the war room bunkers where Winston
Churchill waged war against the Nazis. For when you trade, you
are at war, and every ounce of energy should be applied to gaining
an edge and locating your enemies.
One of your enemies is your own emotions. One way to keep
them in control is to keep your attack plans top secret. Don’t tell
anyone what you are doing, including your wife or husband. As
soon as you tell someone about your trades, you put pressure on
yourself not to take a loss WHEN YOU SHOULD, for your ego is
at stake.
One advantage of internet trading is that you don’t have a
personal broker to lead you either astray or threaten you with an
“I told you so” attitude. Even good personal brokers will put pressure
on you to perform when the trades are your own idea, even
if they say nothing. Nevertheless, a good broker can be invaluable,
especially if you’re just starting to trade.