Tools & Resources
Fear & Laziness
This is my favorite scene from my favorite movie and it’s the absolute key to living a successful life as a trader. Why is history littered with losers and very few heroes? Why do 90% of traders fail, is it fear or laziness?
“There are two kinds of sufferers in this world: those who suffer from a lack of life and those who suffer from an overabundance of life.
I've always found myself in the second category. When you come to think of it, almost all human behavior and activity is not essentially any different from animal behavior. The most advanced technologies and craftsmanship bring us, at best, up to the super-chimpanzee level. Actually, the gap between, say, Plato or Nietzsche and the average human is greater than the gap between that chimpanzee and the average human.
The realm of the real spirit, the true artist, the saint, the philosopher, is rarely achieved. Why so few? Why is world history and evolution not stories of progress but rather this endless and futile addition of zeroes. No greater values have developed. Hell, the Greeks 3,000 years ago were just as advanced as we are. So what are these barriers that keep people from reaching anywhere near their real potential?
The answer to that can be found in another question, and that's this:
Which is the most universal human characteristic - fear or laziness?”
The Psychology of Money
Your views about money are critical to your success as a trader. If you can’t get out of the fear & greed associated with money, you’ll never break through.
Managing Personal Life
It’s hard to explain how you should act as a professional trader. What people don’t realize is how much of a toll toxic relationships have on your trading life. You need to clean up your personal life so it doesn’t leak into your trading life. You want to have as clean and easy a personal life as possible.
The Secret Behind Forex
If you don’t have a general knowledge of how markets work, institutional banks, etc. Than don’t watch this video. It won’t make sense to you. Only watch it after you have a good understanding of how markets work.
Mark Douglas
The most comprehensive seminar on the psychology required to be a good trader.