Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

And the losers? They risk way too much. They don’t have a methodology. They chase markets. They have a fear of missing out. They can’t keep their emotions in check; they have wild swings between excitement and depression.

In trading and in life, how you deal with losing is the difference between mediocrity and greatness. Remember, losses are a function of expected gain. The key is to keep your losses less than your gains; always think risk versus reward and base your risk on the reality of your trading results. If you can get a reasonable idea of what your gains wil

Take Action

Unlike intellectual concepts, instinctual intelligence has no value until you act on it. Most of us have tremendous problems taking action. We passively wait, hoping to get into a state of mind where we will be more motivated, less afraid. This reflects a complete misunderstanding of success. We need to take action regardless of how we f