What Is The Most Vital Trait For Success?

This is the second half of the Trading Success

Formula series

ATTITUDE IS VITAL TO SUCCESS

Success FormulaA(LTV+D+E/T)

Once you have D (discipline) in place, you are now able to build upon your positive habits

E/TEFFORT OVER TIME

I know people who wear the fact that they

spend hours in the gym as a badge of

honor

If they would have simply focused on the

task at hand they would be spending less

time in the gym

You want the effort to resemble that of a successful trader

How they succeed is well documented in various trading books

Practice thinking and acting like a

professional trader

Success FormulaA(LTV+D+E/T)

Blaming the marketsBlaming your system

Blaming the analystBlaming the broker

Blame and finger pointing is the hallmark

of a failing trader

Understanding from the start that the

path is not easy is the best way to handle

the curves

Positive people project positive and in turn receive

positive right back

You now have an equation to help

ensure you are on the right path

Do an honest self evaluation and see if attitude is holding you back

Are distracted while back testing or

trading?

Your E/T is not optimal

Do you skip trading sessions or fail to stick to your back tested

trading plan?

Discipline is weak

Frustrated because you have not doubled your account every

month like the marketeers promise?

Your LTV is a fantasy

Reach out to the Market Wizards or any

other trading book

Success FormulaA(LTV+D+E/T)