When I first started trading I was unaware of the massive change in me that I would have make to accomplish becoming successful and how do you measure success.
Success in trading can be measured in many different ways as with any profession. I play the guitar, am I a successful guitarist, well I don't make the music of say a Carlos Santana (although I would love to) I do play guitar at a reasonable level. I guess then some people might say that I am not successful, however I would challenge them. I believe I am successful:
One - I can play the guitar.
Two - Through playing the guitar I can read music.
My point is that before you can make the big bucks you need quality and consistancy. Once you have mastered those the money will come.
You also need the Motivation to keep on doing the early mornings, this is also likend to Dedication. You need the Mental Toughness to keep going when things may not look too good. I always make sure my preparation is spot on before I trade, I have confidence in abundance, I know that my strategy works. I execute my trades with complete control and discipline almost mechanical. I set my stops and limits and let the trade run.
I will repeat again "Quality and Consistancy before Money", "The money will come!"
I only trade Forex and Oil, and to make things even simplar I only trade 2 pairs GBP/USD and EUR/USD
To your trading success.
The Investor Guru
