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.Problems and con-principle.Do you believe that history is likely to repeat itself, that aflicts reveal themselves as occasions for growth and self-actualization,stock will follow certain patterns from the past? If so, you may be in-and you actually begin to welcome them.clined to rely on a technical analysis.Once you have determined the goal, your task is to determine whatIf you are more flexible and freewheeling you may prefer a funda-you need to do to trade consistently with the goal.It is not essential tomental approach.This is especially true if you are the kind of personthink about the goal once you have established it and the steps for real-who relies on auditory learning and you like to get your informationizing it.You define your strategy in terms of the goal but you do notfrom others.You may get valuable information by talking to researchersget obsessed with the goal.At the end of the day or the end of the weekand learning to assess the different opinions you hear in order to comeor month, you look back and check your results against your objective.to your own conclusions.You see whether you realized your objective and if you did what youKeep in mind that die trading method is only a tool.How effectivewere doing that was working, and if you didn't what you need to add toit is depends on you and, in large part, on your belief in the method,ensure that you do reach your goal.You want to see whether you werewhich should give you the confidence to trade intelligently.following your strategy or whether it dropped out for whatever reasonOnce you have a method and money management technique, youso that you didn't reach your number.are faced with the day-to-day vagaries of the market, your own emo-I discussed this perspective with Max, a fairly successful trader whotional reactions, and other challenges inherent in the trading process.seemed to plateau every month at the same $300,000 figure.This is the most crucial part of the game.This is what separates ordi-From a review of previous performances, it was apparent that whennary traders from the masters.he felt good he got too confident, and his strategy went to pot.Hestopped doing those things that work for him.He let his disciplineslide, and he become too complacent.Quicker than the blink of an eye,Creating a Structure of Fulfillmenthe was off the track.Now he had to build in a strategy that would notdrop out.It was a game on top of a game, because he had to keep do-Ideally, your goal helps you determine the strategy you need to take toing all the things that worked, and had to be on guard against thingsrealize it.Then you keep doing what is necessary to build the strategy.that didn't work.The game consisted of trying to raise his level of con-When your trading flows effortlessly from your strategy, you have foundsciousness about all the thoughts he was having that were interferingthe path of least resistance.You don't need to keep struggling to realizewith seeing the market or were coloring his view of the tape in the wakeyour goal.You trade in terms of what is necessary to fulfill your com-of his success.mitments.You keep looking to see what is missing and remain comfort-Taking note of his tendency to stop trading when he reachedably involved in the process without getting anxious or interpreting$300,000, Max commented: "I have to recognize this point and decideerrors as reflecting on yourself.You keep reviewing your trades withoutI'm not going to get out of my good positions and take the profit.I'memotion, and keep correcting them in line with your goals.You remaingoing to hang in there.I've got to hold positions longer.If a stock istotally focused on the task before you and use failures as feedback toacting okay, I'm not going to sell it."bring you back to your center.As an example, he mentioned his thoughts about Chase."All dayWhen you have committed to a goal, when you are doing what'stoday I didn't make any sales in Chase, but I wanted to sell the thingnecessary to express it, you'll find remarkable reserves of endurance andtwelve times.I'm holding on, holding on, holding on
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