It seems like it would go without saying but it doesn’t. A key to making money as a speculator is knowing what combination of market factors you are looking for – and then waiting for the elements to converge. This starts with knowing what your factors are…. can you describe them? In enough detail so that I could trade them? Making these decisions outside market time – and then knowing when your unconscious pattern recognition is augmenting your plan is a big key in Psych Cap.

Tags: Markets, trading, trading psychology

This entry was posted on Tuesday, February 24th, 2009 at 6:48 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.