The 3Dimensional Trading Breakthrough

The 3 Dimensional Trading Breakthrough
Conclusion: Planning
“I expect to spend the rest of my life in the future,
so I want to be reasonably sure what kind of future
it is going to be. That is my reason for planning.”
- Charles Kettering
Reviewing the Rules of Professional Trading
It is important to never lose focus on our overall long-term trading goals. As
traders, let’s define and reinforce these goals.
1) When aspiring to become trader, the primary goal is simply to make
money (that goes without saying).
2) When on the path to making money, the second thing that we want to
acknowledge is that we don’t want to lose the money that we came in
with; we don’t want to lose our principal. Part of being a professional
trader and knowing how to make money is knowing when not to
trade and preserving our equity from inevitable drawdown.
3) We want to learn, we want to gain knowledge, we want to gain
experience, and the only way we are going to be able to accomplish
this (and I am not referring to paper trading either), is to be involved
in the markets on a day-to-day basis – because the only way to make
money in the markets is to be in the market.
- 116 -