A detailed look at the common characteristics found in most
successful traders
While there are a variety of approaches to trading in the
financial markets, profitable traders tend to share similar
underlying characteristics. Most have a methodology that they
believe will prove profitable over the long run and are willing to
endure short-term setbacks. If you're looking to make the most of
your time in today's markets, you need to understand what separates
the best from the rest. And with "Trade Like a Casino, " you'll
gain the knowledge needed to excel at this challenging
endeavor.
Engaging and informative, this reliable guide identifies and
explains the key techniques and mental processes characteristic of
successful traders. It reveals that successful traders operate very
much like a casino in that they develop a method that gives them
"positive expectancy" and they unflappably implement the method in
the face of changing, and oftentimes volatile, market conditions.
Page by page, the book explores the intricacies of methodology,
mental control, and flexibility that allow traders to develop and
maintain the casino-like edge.Reveals how many successful traders
tend to follow the same general principles, even if their approach
to trading may differExplores how to account for the risk of being
wrong and the market moving against youDiscusses how to develop an
approach that combines trade selection with sound risk management,
avoids emotional attachment to positions, exploits volatility
cycles, and focuses on market action
Regardless of how you approach markets, the insights found here
will help improve the way you trade by putting you in a better
position to distinguish the differences between successful and
unsuccessful traders.
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