Creating the Biomechanical Trader
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What makes supertraders consistently successful? It isn't that they
are smarter than you are; it isn't that they have more money than
you have; and it isn't that they have more knowledge than you have.
Knowledge in and of itself will not make money for you in the market.
While knowledge is power, knowledge without the ability to act
on it and without emotional control is worthless. All the analysis
and knowledge in the world will not do you any good unless you can pull the trigger when it comes time to buy or sell. Some of the most
intelligent and knowledgeable people cannot trade successfully. For
example, trading system designers who design systems for institutional
traders and the public have a vast knowledge of trading and
the mechanics of the markets, but most of them cannot trade effectively
using their own trading systems. They lack mental focus and
emotional control.
Successful traders perceive the internal and external world
much differently than you do. They see more than is on the surface
and tend to see connections between things very quickly. They tend
to be very much in control of their emotions and have intense focus.
When they trade, they are totally focused, yet fluid and able to
quickly adapt to market volatility. They view losses not as a personal
affront but as nothing more than the cost of doing business.
They do not equate losses with personal failure. You win some, you
lose some.
After doing the appropriate analysis they make decisions and
act on them quickly. In almost every case, successful traders excel
in the art of technical analysis. They see relationships in chart patterns
and trends that others miss. This is because consistently successful
traders tend to be visual and have the ability to see graphic
relationships and patterns within price data.
The primary reason for the success of these traders is their
ability to enter a totally different state of mind known as the alpha
zone. It is difficult for most traders and aggressive investors to
understand that success or failure is due to a state of mind. Athletes
understand this concept very well. Today's modern athlete prepares
mentally as well as physically for the game. All serious athletes
credit this mental preparation for giving them an edge over
their competition. Most battles are won or lost before the first shot
is fired, and this preparation begins in the alpha zone.
What makes supertraders consistently successful? It isn't that they
are smarter than you are; it isn't that they have more money than
you have; and it isn't that they have more knowledge than you have.
Knowledge in and of itself will not make money for you in the market.
While knowledge is power, knowledge without the ability to act
on it and without emotional control is worthless. All the analysis
and knowledge in the world will not do you any good unless you can pull the trigger when it comes time to buy or sell. Some of the most
intelligent and knowledgeable people cannot trade successfully. For
example, trading system designers who design systems for institutional
traders and the public have a vast knowledge of trading and
the mechanics of the markets, but most of them cannot trade effectively
using their own trading systems. They lack mental focus and
emotional control.
Successful traders perceive the internal and external world
much differently than you do. They see more than is on the surface
and tend to see connections between things very quickly. They tend
to be very much in control of their emotions and have intense focus.
When they trade, they are totally focused, yet fluid and able to
quickly adapt to market volatility. They view losses not as a personal
affront but as nothing more than the cost of doing business.
They do not equate losses with personal failure. You win some, you
lose some.
After doing the appropriate analysis they make decisions and
act on them quickly. In almost every case, successful traders excel
in the art of technical analysis. They see relationships in chart patterns
and trends that others miss. This is because consistently successful
traders tend to be visual and have the ability to see graphic
relationships and patterns within price data.
The primary reason for the success of these traders is their
ability to enter a totally different state of mind known as the alpha
zone. It is difficult for most traders and aggressive investors to
understand that success or failure is due to a state of mind. Athletes
understand this concept very well. Today's modern athlete prepares
mentally as well as physically for the game. All serious athletes
credit this mental preparation for giving them an edge over
their competition. Most battles are won or lost before the first shot
is fired, and this preparation begins in the alpha zone.