The most successful traders know that to become a successful trader, you have to understand that trading is 80% psychological and 20% methodological. They have found that having an objective and fear-free mind-set is key to maintaining a rising equity curve. That is why with even a nominal knowledge of fundamental and technical information, the trader who has an understanding of his trading mind-set will be the consistent winner in the market.
Experienced broker, futures trader, and trading coach Mark Douglas, through his self-reflections on his early trading experiences, has explored and confronted the challenges experienced by most traders. This is what he calls having a "forced awareness" of oneself.
By Mark Douglas