July 2013
Intermediate to advanced
368 pages
9h 6m
English
Chapter 6
The Expert Trader
The knowledge that is gained from books and experience is an integral part of becoming a successful trader, but the path to expert trading begins within yourself. You must believe that you can reach your goals, fulfill your aspirations. Mastering the academics is not enough. An athlete with average ability will be victorious over opponents of greater skill if he believes he can be a champion.
Achieving the level of expert in any pursuit is a challenge that few people attempt, for it requires complete dedication and determination. To reach and maintain excellence, an individual must have a desire to succeed that transcends personal sacrifice. Understandably, most people are not willing to give up the diversity of their lives for a single all-encompassing goal.
Consider anyone that you perceive to be an expert in his or her field. Olympic swimmers spend from four to six hours in the water every day. Great composers and musicians have been known to practice for most of their waking hours. Top salespersons work 12- to 16-hour days. The best creative advertising personnel are always rethinking their accounts, shaping and detailing new ideas. Any highly successful business exceeds the norm by going beyond the rules and calculative rationality to the higher grounds of innovation and excellence.
Do you have what it takes to become an expert trader? We have covered a tremendous wealth of material, from the market's smallest unit to the importance of self-understanding—but ...