This is a six part post on the best of Trading Psychology by Mark Douglas, author of Trading in the Zone. These are classic interviews by High Lands Trader from 1986 and will do more to help you become successful as a trader than any amount you may spend on trading system. Plus these videos are free, Find out why you need to know why you got in the trade and why others will follow you.
How do you achieve consistent winning results from your trading system?
Questions answered here are “Why are traders using the exact same signals multiple time experiencing random results of wins and losses“. Learn how to integrate randomness into your trading.
The mathematical models you use are not guaranteed, because traders do not believe in their systems. How do you get to know who will move the markets up/down to make your trades a winner? Important message of how your winning system can become a loser if you do not understand the statistical affects of your next trade. Why Richard Dennis built a $400 million fortune with a winning percentage of only about 5%.
Why you need to lose a fortune before you can become a successful trader. Actually, you just need to learn to trade without fear.
How to win without guilt and to lose without beating yourself up for losers.
Search for other Mark Douglas videos like these one on You Tube. Your reasons for taking a trade must be confirmed by other traders.
I you need and edge, we have been trading for almost 20 years now, and I can tell you to play these videos until they take them down.