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jeremymullins79

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    TradersLaboratory.com
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  1. 3. pratice pratice pratice even when I know what im going to do (or more importantly not do) I do it wrong in the heat of the trade. Practice makes it perfect. Well not quite perfect but close to it. I as well think practice is extremely important as long as you learn something from it and it doesn't come as an automatic response.
  2. Great post and I totally agree with you. Compassion is the best way to alter one's state of mind toward the better. Reality often kicks in the wrong gear and we all need to feel like we need to share our downs with someone, which is the basic role of compassion.
  3. I think patience should come on top. It's the first thing you must equip yourself with.
  4. People's mind must be set to trading and people who consider themselves as traders must have a steady paced mind and find ways to calm themselves down in various situations. "I know how to trade, but my emotions get in the way." A good trader will always have emotions standing in the way but a great trades knows how to use those emotions in his or her favor.
  5. Uncertainty goes hand in hand with motivation and it is the level of motivation that represents the "trade drive". If a trader is uncertain than his abilities look uncertain. Facial expressions and hand gestures are the most common indicators which show uncertainty.
  6. You can use e-bay like MightyMouse recommended but you can also figure out what your hobbies are and how you can use them in trading.
  7. Great chart for showing Support/Resistance.
  8. I believe 5 stocks are enough for a day but it depends much on how much earnings you seek to obtain.
  9. Well the FX market is a great choice as long as you opt for currency and not physical assets. The FX is the leader hands down.
  10. When I read those 38 cool steps to trading they remind me of a good book written by Alexander Elder, Study Guide for Come Into My Trading Room if my memory serves me well. From what I've read, methodology is regarded as a better virtue than patience.
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