P1: OTA

c01
JWBT298-Bellafiore

May 28, 2010

12:45

Printer: Courier Westford, Westford, MA

These Guys Are Good

29

risk/reward and pulling the trigger. Thirty40 percent of these trades

will result in a loss. This is the game. Dr. Steenbarger blogged this a
narcissistic desire to be correct.
You are trying to be right. Consistently protable traders just make
good trades. They accept that they cannot control the results. Think
about it.
This trader must develop the habit of hitting stocks that trade against him.
And he needs to do some drills every day so that he develops this skill. But it
is also important for him to understand himself better. Understanding that he
has a psychological need to be right will help develop this skill. The reason he
is not hitting stocks that trade against him is because he has not developed
this habit. The reason he did not develop this habit, though most easily do, is
because he has a psychological need to be correct. Understanding this will help
him conquer this trading aw.
We all have aws. There are things we must all work on. Sometimes having
a conversation with yourself can help.
The market has taught me what is important to become successful as a
trader. The traders we just met possess characteristics for you to model that
will truly impact your trading results. Next, I will share with you a way to measure your trades. Lets go discuss your most important task as a traderOne
Good Trade.