Part I The need for change
In the first part of this book I investigate some of the problems and pitfalls that beset traders. Some are self-inflicted, while others are the result of poor advice and unreliable suggestions from a sector of the financial world that I describe as the ‘financial junk-food industry’.
In order to begin our journey to a more sustainable trading career, we first need to understand the pitfalls that we will come across so that we can navigate through them and eventually learn to ignore them completely.
I show that we are all prone to using short cuts, which can help us in other areas of our life — but, unfortunately, they will hurt our trading. I explain these short cuts and, as we progress through the book, I continue to show ways to try to overcome them. Our focus should be to make sound decisions based on real information.
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