Profit By Skipping Out, 10

This is the tenth of a series of articles started July 10, 2006 (article entitled “The Simplest Way to Increase Profits“). This series of articles is about increasing profits from trading by abstaining from trading when losses are likely to occur.

Up to now, I’ve been talking about matters that can be handled with relative ease. Things like abstaining from trading when there are infrastructure issues. Things like abstaining from trading when there are environmental issues.

Today, I begin to talk about the biggest source of Loss in the formula

Net Trading Profits = Wins – Losses - Costs

One item of good news: This biggest source of Loss is totally within your own control, unlike infrastructure and environmental issues. This is the source that all success gurus and trading coaches focus on.

Are you ready? Great! Get out your wallet. Look at the credit cards in it. Yes, they all have your name on them! And yes, that’s the biggest source of Loss (and wins) in trading!

A Market Wizard whom I got lessons from for a few years has observed that the best traders in the world continuously work on this biggest source of Loss (and wins).

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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