Monday, March 22nd, 2010
This book is primarily the account of an Italian American, Lewis Borsellino, whose determination enabled him to become one of the biggest traders in the S&P 500 futures pit. The main focus of the author is explaining what made him stand out from other less successful traders drawing primarily on his early family life and the characteristics that were etched into him by these experiences. (more...)
479 | posted at March 22nd, 2010 in Book Reviews, Inbox Education | Tags: edge, fundamental, futures pit, S&P 500, self-belief, technical
Monday, March 22nd, 2010
Individuals rarely conquer the markets. However, with consistent effort they are able to conquer themselves and take control of their trading behaviour. Most often, the point at which a market participant believes that they are the master of the price action that unfolds in front of their eyes is the point at which they are most exposed to a significant drawdown. Novice traders in particular must realise that there is a very fine line between self-belief (a prerequisite to being an elite trader) and arrogance. At Futex Academy we identify these traits in aspiring traders at an early stage and devote significant amounts of time to encouraging the first trait and minimising the negative impact of the latter. (more...)
456 | posted at March 22nd, 2010 in Inbox Education, Trading hints, tips & tricks, Uncategorized | Tags: arrogance, control, emotional state, self-belief