July 2011
Intermediate to advanced
256 pages
6h 39m
English
Content preview from Trading on Target: How to Cultivate a Winner's State of Mind
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OPTIMISM VS. PESSIMISM
Setting large goals appears to require more optimism in the outcome than the realistic thinker who sets realistic goals. Realistic thinkers tend to be more pessimistic in my experience than the thinking large individuals. If a trader tends to be a pessimist, he will also tend to set smaller, more realistic goals. But, this type of thinking may significantly reduce his ultimate level of achievement.
It would be a social scientist’s dream to get a thousand traders who were realistic thinkers (i.e., pessimistic thinkers) to set unrealistic goals and compare the results to an equal number of control subjects who are also realistic thinkers who would set realistic goals. Would the first group of traders do significantly better than the control group? I believe they would.
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