Betfair Race Trading Part 3: Stops, Spreads, The Rules And The Reality
There are certain personality traits evident in all the best traders, whether on Stocks or Sports.
FACT: Not everyone is cut out to be a trader. Trading requires a certain personality type and attitude.
You must be firm, logical assertive and decisive.
You must be willing to accept and learn from your mistakes.
You must be able to follow a system and accept the rules without question.
You must be aggressive and quick in following your predictions.
You must be humble enough to realize that you must NEVER fight the market.
You must be able to accept LOSS without judgment or self loathing.
These are personality traits which can to some degree be learned, in that trading can be taught by a set of rules, but the core personality is either there or it is not.
The other thing which is always missing from trading manuals is:
The reality of trading profits
Your days profit will be defined by the profits from trading decisions you make that move in the correct direction minus the losses you make from trading decisions you make that...
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