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Old 12-12-2007, 09:16 AM
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Thumbs up Re: A New Traders Journey to Success

Excellent post. Can totally relate. I'm currently coming out of stage4 and trying to be stage 5. It's tough. Mentally more than anything. Has taken 5 years to get to the start of stage 5. But the key things I have learnt are:-
1) know thyself! Are you impatient? Quick tempered? complacent? Risk averse? Insecure? Lazy? If you don't know beforehand, you will certainly find out along the way.....
2) money & risk management,
3) find a setup/market that suits your personality (see 1)
4) focus only on the setups NOT the $
5) never, ever give up!

Nice one Soultrader - excellent summary.

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