New testimonial

Just before Christmas I received the following from Stefan, an aspiring trend follower based in Germany:

A great day

Yesterday I was able to travel to London and meet a couple of the traders in our mentoring group.

It was an interesting meet up for me because both of these guys are in the IT industry, and have used their own skill set to enhance their own trading approach or routine. 

Getting all the pieces in your own trading jigsaw together

The big difference between a winning trader and the rest is they will acknowledge whenever they have screwed up, and endeavour to avoid making the same mistakes in the future. In other words, they accept what has happened, take responsibility for their actions, do not blame others, identify what caused the mistake(s), and take the necessary steps to improve their performance.

Go through books like the Market Wizards series and even a majority of those great traders have gone through this process. As Ed Seykota famously said in his own Market Wizards interview:

"A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do."

Trading and Napoleon Hill

The writings of Napoleon Hill contained in his book Think and Grow Rich have been popular amongst many successful people since they were originally published in 1937, and are just as relevant now as they were almost 80 years ago. If you are a trader struggling to make a breakthrough, below are some quotes from Hill that can hopefully inspire you: