Often what is missing from an unsuccessful trader's strategy has nothing to do with what trading software they are using or which technical indicators they follow, but more about their psychology as a trader.
What differentiates these "super traders" from the rest of us? Well, read the questions below and if you answer 'no' to any of them, then you may be lacking important characteristics that are holding you back from trading success.
- Have you learned to develop patience with your trading?
- Do you know how to come out of a loss as a better trader?
- Are you able to avoid trading panic?
- Do you love trading?
Watch today as Jack Schwager, best-selling author of Market Wizards, presents a powerful guide to get you on the road to profitability.
Our friend Patrick Stockhausen of Ultimate Trading Mastermind, a leading wealth mind expert and Syndicate Fund Manager, has just spent the last two months interviewing some of the world's leading trading masters, including the author of Market Wizards Jack Schwager and Van Tharp.
In the attached Audio interview clip he asked each of the 12 trading masters the EXACT same question in order to find the common threads across all successful traders.
What's nice about the internet is that even buried under 3+ feet of snow we're able to communicate and educate! That's exactly what Todd Brown, from Triple Threat FX, is here to do today. The title says it all, so I'll leave you to enjoy the article, comment below, and invite you to watch a video from Todd here (just click play).
Of course we aren't psychos! Nonetheless, I want to direct your attention to the most powerful technology for producing positive changes in your trading. What’s that? No, this is not a" whiz bang" indicator or new method. Each of us has this, but few invest the time or manage this properly. What is it?
It is our minds!
That 6 inch space that rests between our 2 ears that leads and directs our every action. Everything you do in your trading every day starts as a thought! And I’m here to tell you after working with traders for over 14 years, it is simply a game changer when managed properly. Let’s look first at how we can optimize our minds through Trading State Management.
Jack Schwager is the kind of man that has had a career that would would fill a 20 page resume. He's done it all, and all signs point that he's not anywhere close to stopping. Currently, Schwager is the executive director of the board of Fortune Group. He is also the senior portfolio manager for the Global Fund Analysis team at Fortune and the principal investment manager of the Market Wizard Funds.
Schwager is probably best known for the many books he published in the 80s and 90s, which became classics in the financial community. With over 10 titles to his name, Schwager's books were well received and continue to sell as timeless guides to financial success.
His titles include:
A Complete Guide to the Futures Markets: Fundamental Analysis (1984)
Market Wizards: Interviews with Top Traders (1993)
The New Market Wizards: Conversations with America's Top Traders (1994)
Schwager on Futures: Fundamental Analysis (1995)
Schwager on Futures: Technical Analysis (1996)
Schwager on Futures: Managed Trading (1996)
Getting Started with Technical Analysis (1999)
Stock Market Wizards: Interviews with America's Top Stock Traders (2003)
Market Wizards: Interviews with Top Traders (2006)
Wall Street Stories: Introduction by Jack Schwager (2008)
The Market Wizard series allows individual traders to look over the shoulders of some of the world's most successful traders, investors and CEOs. These in-depth interviews explore each expert's trading career, trading philosophy and market anecdotes. Schwager attempts to identify similar characteristics and traits among this group of successful individuals.
If you haven't read the Market Wizard series, then you just have to watch the Jack Schwager's free presentation of “Market Wizard Insights,” on INO TV Free.
In this complimentary 85-minute video, Jack Schwager will talk about the Market Wizard series and give you an inside view of his finding throughout the years. Remember, you can pause, stop or replay the video anytime... so watch it at your own leisure.
If you've already signed up for our INO TV free version, just enter your email address and password and you're good to go.
Whether you are a novice or an experienced trader, sometimes the markets leave you feeling like either an idiot, a moron or both. Trading professional Mark Cook shows you how to conquer trading mistakes and get back on the right track.
In his workshop he shows you what to do when your winning percentage drops, how to adjust position size for different trading environments and how to build your confidence. His methods will help you achieve trading consistency but, should your capital erode, his insights will also show you how to rebuild your capital base.
A trader for twenty-two years, Mark Cook operates from his family's 1870s farmhouse in East Sparta, Ohio. He manages his own and client's accounts and offers a fax advisory service, Mark D. Cook's Trader's Fax, on S&P and T-Bond futures and OEX options, that is specifically dedicated to helping people become better traders. His own early trading years were difficult, but as he struggled for success, he gained valuable experience and learned what makes - and breaks - a trader. Mark developed the Cook Cumulative Tick™ Indicator and gained acclaim by winning the 1992 U.S. Investment Championship with a 563.8% return. He has written numerous articles for industry publications including Futures magazine, Financial Trader and Barron's and was featured in Forbes magazine (January 1994). In addition to his trading activities, he conducts workshops and teaches traders from around the globe, helping them learn how to make the most of their natural talents. Mark D. Cook was selected for Jack D. Schwager's new book, Stock Market Wizards, due for release shortly. Mr. Schwager previously wrote the best selling books, Market Wizards and The New Market Wizards. Now Mr. Schwager is placing emphasis on traders proficient in the stock market with years of successful track record, which characterizes Mark D. Cook's market timing techniques.
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