A traders engine is….

What best helps us make money as a financial trader?

Is it:

  1. a fantastic strategy
  2. time on our hands to be able to trade
  3. enough money to trade at the level we desire
  4. an environment without distraction
  5. the correct equipment and support software
  6. to be able to trade objectively, all the time

The list could go on. And of course, we could argue that all the above play a part, to some degree or other.

However, from our lessons, it is the final item that takes the biscuit.

To trade objectively (or in the zone, or from a ‘now’ moment perspective) is the engine of the whole process.

I have read ‘Trading in the Zone’ by the late Mark Douglas several times and it was only the last read where, for me, the so-called ‘light’ came on.

This may mean that I’m a bit slow in this regard. Or it could be that we need to gain a certain level of traders experience before we can properly grasp what Douglas was telling us.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s