Wednesday, August 15, 2007

Jon Meredith Video

  • People that don't make it: psychology of the market, instituitional orders... separate yourself from the P/L.
  • Have a bank account, bills are paid, everything else is taken care off so if you are down you know it's not the end of the world
  • Consistency builds confidence that what you're doing is the right thing, even if it doesn't work out once in a while
  • Focus on cutting losses, growing winners
  • Review trades, look at big losers and winner, what could you do differently
  • You don't have to be very original, just see what other people are doing well and try to do it as well as they can
  • Networking, talking to other traders
  • Winners have to be bigger than your losers, trade bigger size is later
  • Diversify your strategies
  • Reminiscences of a Stock Operator
  • Gradual process of pattern recognition, have I seen this before?
  • The more you trade, the more you see and learn and understand
  • Hybrid slow quote, public printing away ticker

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