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The Way to Trade: Discover Your Successful Trading Personality by John Piper

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Chapter 1: AN INTRODUCTION TO THE TRADING PYRAMID

When we enter the trading arena we enter an environment unlike anywhere else. The rules we have lived by in the normal outside world no longer apply and, indeed, will cause us loss. Our very motivation can be our own worst enemy as we seek to extract money from the markets.

To succeed in the markets we need to put in place an entire structure, as we have put in place an entire structure (personality) in the outside world. The Trading Pyramid is just such a structure. But before I begin to explain how it works let me give you two examples of why our normal behavior and motivations are not going to help us in the markets.

Many people enter the markets because they have had a successful career ...

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