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“The human mind is not wired to trade properly. Our decision-making process is not like most other animals. Most people don’t focus on reality when deciding to take action; we make decisions based on emotion, not intellect. Not only is it very difficult to live in complete reality, but consistently making actions based on reality is an even harder task many times. A goose, on the other hand, would make an excellent trader and investor. When autumn approaches in the north, the geese don’t wonder if winter will come or not. They certainly don’t call a goose meeting to figure out a way to stave off winter. They simply act like a machine and fly south for the winter and repeat this process each and every year flawlessly for their entire life, without questioning their choice.” — Sam Seiden
If you’re considering a career in trading, you need to accept the fundamental fact that trading is simple, but far from easy. You need to concentrate on the principles that guarantee long term survival on the markets and love them like your mom. I know that coaching people to reach their trading maximum requires understanding them. The trading coach has to help them develop their strengths and maximize their weaknesses. He needs to inspire them to carry on and reach their trading potential.
It’s true that the best way to improve your trading skills is to consult and expert on the subject and then apply the advice he gives. However common sense should tell you the difference between someone telling you lies and someone telling you the truth – unless you’re innately avaricious. As the saying goes, if it’s too good to be true, it probably is. The easiest way to scam a person is to appeal to their sense of greed. Someone who’s level-headed and not greedy would be very difficult to swindle.
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