Sunday, September 9, 2007

Traits of a trader

1) The Constant Desire to Improve - Continuing education, keeping up to date with what's happening in the areas.

2) The Ability to Press Their Advantage - The very successful traders keep their risk management, but don't hesitate to become more aggressive when they see opportunity. They remind me of boxers who, seeing opponents hurt, will go for the kill. The less successful traders seem to lack that killer instinct.

3) Emotional Resilience - A trade with an edge that doesn't go their way either tells them something important about the market, or it tells them something about their execution. Either way, it's a potential learning experience.

4) Creativity - They find edges in the most unlikely places.

"Woeful Wails" - My Dad's account of what happened in 1989 at Srinagar, Kashmir

A Shiver, a shudder goes down my spine To have lost what once was mine The merciless devils who strode the streets With guns pointing at u...