Monday, December 8, 2008

Hope and Trading

Banish hope from your investing and trading repertoire. Hope is a dangerous thing for traders. You may believe that hope is a positive way of looking at things. Hope is not a positive it’s a negative – a desperation. There is a difference between hope and positive thinking. Hope as a trader or as an investor is one of your greatest enemies and impediments to success. Hope is the antithesis of reality. As a trader you must at all times be a realist. Hope is like a dream – reality is being awake. Consider this in your daily life as well.