"The best poker players ... fold a lot" - Personal Axiom
I just recently started following Don Miller's blog. Don has some fascinating insights. What it takes to 'be' a trader. To trade well. It's a blog I highly recommend.
In fact it's scary at times, how similar Don's thought process is to my own, in regards to trading psychology and other matters. Indeed, we even format our blog in a similar manner. Both of us will often have new media entry such as a video, or at times for myself a podcast, that accompany a bit of surrounding text. As he just started a side 'project' with his "Jellies" project, we both run a side project to help other traders. I think it was David who recommended Don's blog to me. And I remember David making the comment that he was struck by how similar Don and I are.
The other day, I was reading and watching Don Miller's October 4th entry, "Trading with a Chip", He made some fascinating insights within that post, and comments that I feel offer a lot of room for discussion regarding psychology and the understanding under what conditions you perform best as a trader. I will discuss more regarding this topic in the following podcast
(Podcast Included. If you're seeing this entry elsewhere and cannot play the podcast? Click this link to go to the exact podcast entry and press the "Play" button ...)
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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.