This is the second half of the Trading Success
Formula series
ATTITUDE IS VITAL TO SUCCESS
Success FormulaA(LTV+D+E/T)
Once you have D (discipline) in place, you are now able to build upon your positive habits
E/TEFFORT OVER TIME
I know people who wear the fact that they
spend hours in the gym as a badge of
honor
If they would have simply focused on the
task at hand they would be spending less
time in the gym
You want the effort to resemble that of a successful trader
How they succeed is well documented in various trading books
Practice thinking and acting like a
professional trader
Success FormulaA(LTV+D+E/T)
Blaming the marketsBlaming your system
Blaming the analystBlaming the broker
Blame and finger pointing is the hallmark
of a failing trader
Understanding from the start that the
path is not easy is the best way to handle
the curves
Positive people project positive and in turn receive
positive right back
You now have an equation to help
ensure you are on the right path
Do an honest self evaluation and see if attitude is holding you back
Are distracted while back testing or
trading?
Your E/T is not optimal
Do you skip trading sessions or fail to stick to your back tested
trading plan?
Discipline is weak
Frustrated because you have not doubled your account every
month like the marketeers promise?
Your LTV is a fantasy
Reach out to the Market Wizards or any
other trading book
Success FormulaA(LTV+D+E/T)